Our Thinking

The market volatility we have experienced throughout 2022 continued to rear its head for most of May before stocks rallied in the final full week of the month. Equities finished the month roughly unchanged, and bonds had their first positive month of the year. May also saw elevated inflation readings showing early signs of the | Read More +

The market volatility that has come to define the start of 2022 persisted through April and left many investors feeling anxious. Policymakers – and investors – were focused on rising prices and efforts to contain them coming into this year. Unfortunately, that inflation continued last month, largely driven by dual pressures playing out on a | Read More +

Unsurprisingly, March was a choppy month for the financial markets. Stocks rebounded from the sharp sell-off we noted in February that carried over into the first part of the month, while commodity prices jumped around unpredictably, and bond prices declined due to precipitously higher interest rates. Looking forward, we see a reason to be optimistic. | Read More +

February was an uneasy month for financial markets, primarily because Russia invaded Ukraine. But even though equity markets have fluctuated sharply in 2022, we remain encouraged by the strong economic backdrop supporting the expected increase of interest rates in March. As a result, we continue to think companies should have a positive environment for continued | Read More +

January was a difficult month for financial markets, caused primarily by expectations of tighter monetary policy by the Federal Reserve and a soft start to corporate earnings season. The Russia-Ukraine tensions provided an additional source of uncertainty for markets. While we observed some recent downside in equity markets, we remain encouraged by the strong economic | Read More +