Market Report

Key points for the quarter include: The quarter can be separated into two distinct periods; everyone is looking for an answer to tariffs; volatility created opportunities; and our perspective from year-end is largely unchanged.

Key points for the quarter include: In some respects, last year’s market action reminds us of the late 90’s; market concentration remains high; we wrap up the Risk vs. Uncertainty and the Decision-Making Process series; and the range of potential outcomes in the year ahead is wider than usual, in our view.

Key points for the quarter include: The carry trade hit a snag; technology didn’t lead the quarter; the yield curve normalized, finally; and we continue our series on Risk vs. Uncertainty and the Decision-Making Process.

Key points for the quarter include: It was a tough quarter for many U.S. equity averages; we offer a refresher on value investing; disparity in performance and valuations across market segments was notable; and we continue our series on Risk vs. Uncertainty and the Decision-Making Process.