In our 2026 market outlook, titled “The Discipline Dividend,” we explored our thoughts on managing risk and opportunity in AI-driven financial markets. Our themes for the year included an AI Playbook for playing both offense and defense in…...more
At the halfway point of 2026, the U.S. economy remains on decent footing, but in a position of elevated risk as conflict in the Middle East and resulting trade disruptions raise prices and sour consumer sentiment....more
The U.S. economic growth hit a soft patch to end 2025 and has shown signs of fragility at the beginning of 2026, leading to more modest growth expectations for the year to come. ...more
March certainly came in like a lion, and we hope it goes out like a lamb. At the start of the month, the U.S. and Israel carried out coordinated strikes on Iranian military infrastructure....more
Despite tariff-induced volatility and slower labor market growth, the U.S. economy remained resilient throughout the latter part of 2025 thanks to robust spending by consumers and businesses....more
As we begin 2026, it’s worth reflecting on a year marked by defining moments that sought to reshape markets and the global economy, even as, from a high level, market returns were not all that different from the…...more
The U.S. economy remained resilient through the middle of the year, with GDP growth rebounding in the second quarter and likely to have expanded further in the third despite signs of a weaker labor market. ...more
In our 2025 market outlook, titled “Bridging the Divide,” we outlined three broad themes that we believed would influence markets in 2025: potential fragility from high valuations and a concentrated market; the need to add durability to portfolios…...more
Despite an acute bout of market volatility resulting from newly imposed tariffs, the U.S. economy and financial markets remained resilient throughout the second quarter. Equity markets rebounded from an early April selloff, with large cap indices pushing back…...more
Entering the new year, markets carried weak performance from December into the first quarter, and softened further in March as the new Presidential administration’s tariff priorities came into greater clarity....more