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2025 Review and Looking Forward
As 2025 neared a close, mid-December markets pushed forward before settling just shy of all-time highs.
Third Quarter 2025 Commentary
The third quarter of 2025 saw sustained resilience for the global economy.
Market Commentary
Market Commentary | June 1st, 2026
The latest round of data releases provided a more nuanced picture of the economy, highlighting a continued tension between moderating growth, persistent inflation pressures, and pockets of strength across key sectors.
Market Commentary | May 26th, 2026
Overall, the data reinforces a resilient growth environment with pockets of moderation, where strong manufacturing and firm labor conditions offset softer (but still expanding) services activity. Combined with tighter energy markets and a cautious Fed, this keeps inflation risks tilted to the upside, likely sustaining elevated rate expectations, upward pressure on yields, and a selective equity backdrop.
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