Just like that, we’re already halfway through the year. As the saying goes… time flies when there's a fresh geopolitical headline every morning. It was a mixed month for markets as economic data continued to send conflicting signals. The labor market added more jobs than expected, offering a bright spot. However, inflation ticked higher for a third straight month, reaching its highest level since April 2023. Consumer sentiment saw a slight rebound from its record low as gas p

SpaceX has been publicly listed for just over one week. The company went public on June 12th, and its shares surged in the first few days, briefly surpassing Microsoft to become the world’s fourth-largest company by market cap at almost $2.94 trillion. Shares have since cooled but remain about 37% above the $135 IPO price, largely due to retail investor interest. The excitement is clear, but mega-IPOs typically underperform. All 10 of the largest U.S. IPOs since 1999 posted n

Interest rates have been anything but stable lately. With Kevin Warsh stepping in for Jerome Powell as Federal Reserve Chair late last week, alongside inflation uncertainty and stronger-than-expected earnings growth, markets have been recalibrating expectations. To put these movements in context, the 10-year Treasury yield currently sits at 4.56%, while the 2-year yield is at 4.12%. Looking at the past couple of years in isolation, it appears yields have remained stubborn, ho

Recent headlines may suggest we are in a bear market. Tensions in Iran and the Strait of Hormuz remain unresolved. Oil prices are near $100 per barrel, and inflation expectations are rising. Additionally, consumer sentiment has reached a record low, which historically signals investor caution. Despite a recent pullback, the S&P 500 has returned to an all-time high. The primary factor supporting this strength is clear: earnings. S&P 500 large-cap earnings per share have reache

March was a bit of a rollercoaster for markets—geopolitical tensions ramped up, oil prices climbed, and investor nerves got rattled. There was a lot to take in all month. Jobs numbers took an unexpected dip, and consumer sentiment slid as near-term uncertainties piled up. On the bright side, people kept spending and inflation stayed steady, which was a good sign that the economy is still on solid ground—even if things felt a little bumpy. Just about every corner of the market

Markets rebounded post-election, led by small caps, while global markets faced challenges. Highlights value of a solid investment strategy.