Oil Squeeze

March was a difficult month for markets, as conflict with Iran cast a shadow over the first quarter. Following U.S. and Israeli strikes against Iran launched Feb 28, oil prices surged and bond yields moved higher, creating a challenging backdrop for both stocks and bonds. [1] Only on the final trading day of March, when […]

Through the Fog of War

April marked a month of striking contrasts. The S&P 500 had just closed out its worst quarter since 2022, battered by the outbreak of war in the Middle East and a historic shock to global energy markets.[3] Fast forward just a few weeks, and the same index ended April at a brand new all-time high, […]

Thoughts from the Founder

While following the ongoing headlines about the Middle East, we contemplate how the conflict will play out in the weeks ahead and its long-term impact. Will there be a regime change in Iran? Will President Trump take further military action if the Strait of Hormuz remains closed to shipping? How will this conflict impact future […]

Holding High Ground

After three years of double-digit growth, stock markets paused for a moment of consolidation in December.[1] The S&P 500 index marginally lost ground, ending the month 0.1% lower, while notching its seventh-best three-year run on record.[2],[3] Stocks still ended 2025 near record highs as the S&P 500 powered to a gain of 16.4% for the year. […]

New Territory

January delivered another chapter in a bullish period for U.S. equity markets. The S&P 500 crossed the 7,000 threshold for the first time, extending a run after three consecutive years of double-digit returns. [1] For the month, the S&P 500 gained 1.4% and the tech-heavy Nasdaq edged up 0.9%. [2] Source: https://www.ft.com/content/321eb05e-47a5-454c-8c46-fa22b4296957 The benchmark S&P 500 […]

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