Investment Perspectives

Chokepoints, Bottlenecks and Disruption Six weeks ago, the world was awash in oil and related products. Supply was ample, inventories were adequate, and prices were

Disruption Without Derailment The U.S. stock market confronted a series of powerful crosscurrents in 2025—political uncertainty, trade disputes, and rapid technological change—but still managed to

Resilience And Risks Buoyed by a resilient corporate sector, equity markets have largely shrugged off an unsettled backdrop and the day’s often-distracting headlines. Stocks continued

Gradually, Then Suddenly Three months ago, stock-market investors were in full-fledged panic mode after President Trump unveiled a sweeping new tariff regime. Bond investors also

Trade Winds A global trade war is brewing as the United States imposes sweeping new tariffs on a host of countries, heightening concerns about economic

Despite incessant political, geopolitical, and financial chatter, 2024 turned out to be another record-setting year on Wall Street. Buoyed by a resilient U.S. economy and more accommodative Federal Reserve, investors propelled the S&P 500 stock index to 57 record closes. Improved corporate earnings and a series of interest rate cuts further boosted market confidence.

Cut To The Chase Powell’s pivot After launching an all-out battle against inflation thirty months ago, driving borrowing costs to a two-decade high, the Fed

The AI Gold Rush Investor enthusiasm for the transformative potential of artificial intelligence (AI) has continued to drive the stock market. The S&P 500 Index