Quarterly Insights Pt. 2: Global Equities Q4 2025
Wall Street has an adage that stocks must “climb a wall of worry,” and 2025 was a tall one. Trade policy, AI profitability, a government shutdown, and geopolitical flashpoints dampened sentiment, yet global stock markets still delivered double‑digit returns. Timing the market is no easy task. Global equities were fueled by tariff rates that proved […]
Quarterly Insights Pt. 1: Market Stories Q4 2025
North American equities capped off a third consecutive year of double-digit returns, while U.S. bonds delivered one of their strongest performances in recent memory. Trade tensions simmered throughout the year, recession fears lingered, and geopolitical conflicts persisted. Despite these headwinds—or perhaps investors learned to look past them—markets climbed steadily higher. The North American economy surprised […]
Market Minutes December 2025
KEY MESSAGES FROM YOUR INVESTMENT TEAM Compared to where they began the month, many global stock markets showed little change as November drew to a close. This perceived indifference has papered over pronounced day-to-day volatility, as equities fell in the first half only to regain lost ground in the second. The circumstances serve as a […]
Are We in an AI Bubble, Boom, or Both?
Artificial intelligence has become one of the most powerful forces shaping markets in 2025, but its impact is not uniform across the investment universe. Rather than asking whether AI is a “bubble,” investors may be better served by considering where in the value chain to participate, how much risk to assume, and how to balance […]
Market Minutes November 2025
KEY MESSAGES FROM YOUR INVESTMENT TEAM Fueled by interest rate reductions, a strong start to the third-quarter earnings season, and sustained enthusiasm for AI-related investments, global markets trended positively throughout October. Naturally, these positive forces have been well-received. What was less expected was the muted reaction toward the longest U.S. government shutdown in history—although now […]
Year-End Financial Planning: Staying on Track of New Changes
December brings more than holiday schedules and budget meetings. The final weeks of the calendar year create a convergence of tax deadlines, contribution limits, and legislative changes that won’t exist again until next December. For 2025, that convergence includes something new: the One Big Beautiful Bill Act (OBBBA), which permanently extended many provisions of the […]
Market Outlook Q3 2025: Gold, AI Stocks, Rate Cuts
North American economies are beginning to lag, inflation has re-entered the conversation, and geopolitical flare-ups remain. Despite the headlines, global stock markets delivered another exceptional quarter as technology’s boom and lower interest rates preoccupied investors. The S&P 500 in particular recorded its best third quarter since 2020, marking a sharp rebound from April’s tariff-induced sell-off. […]
Market Minutes September 2025
KEY MESSAGES FROM YOUR INVESTMENT TEAM September rewarded investors with another exceptional month of equity returns. Many of the world’s leading stock indices marched higher despite what is historically a weak month of the year—a sound reminder that seasonal patterns shouldn’t be the basis for investment decisions. The Federal Reserve delivered its first interest rate […]
Retirement Planning: Roth, Traditional, Or Taxable Accounts?
“And there’s another important point in favor of tax diversification: control over your taxable income.” – Morningstar Saving for retirement is straightforward in theory: set money aside regularly, invest it wisely, and let compounding do the work. In practice, it’s more nuanced. The real challenge isn’t just how much you save—it’s where you save. 2025 […]
Special Report: The Fed’s First Rate Cut Of 2025
“When our goals are in tension like this our framework calls for us to balance both sides of our dual mandate.” —Jerome Powell The U.S. Federal Reserve (“Fed”) has, for the first time since December 2024, eased monetary policy. Markets largely anticipated a 25-basis-point (“bps”) reduction on September 17th, but reactions across asset classes have […]