Market Commentary

Our portfolio managers give you their analysis of current economic trends
within their targeted area of investment

Core Strategy
Will Wurm
portrait photo of Will Wurm

PDF download Q1 2025 : First Quarter 2025 Review and Outlook

Summary: In context, at present levels, the S&P 500 has declined approximately 19% from its peak in February, less than the average recessionary decline of 23%, typically recovering within a year, and more than the frequent average correction of 13%, typically recovering in four months. As of now we are not in a recession, and it would be premature to declare it unavoidable as this is a reaction to a trade policy which could and most likely will be revised more positively.

Past issues:     Q4 2024     Q3 2024     Q2 2024     Q1 2024    

Municipal Fixed Income
Evan Slater
portrait photo of Evan Slater

 

 

PDF download Q1 2025 : Municipal Market Update

Past issues:     Q4 2024     Q3 2024     Q2 2024     Q1 2024