Market Commentary

AI Capex and Portfolio Considerations AI-related capital expenditures contributed more to U.S. GDP growth in the first half of 2025 than consumer spending, a historic

Valuations remain at record highs The stock market reached new heights over the past three months, with major indices hitting all-time records despite ongoing economic

Tariffs roil markets and the economy The Trump administration’s action involving tariffs have resulted in much volatility in the markets. As of inauguration day, Wall

Recession avoided but uncertainty remains Many recession indicators have moderated over the past quarter. In November, The Conference Board’s Leading Economic Index increased for the

The Fed provides interest rate relief The U.S. economy is currently showing signs of resilience and stability. Inflation has moderated, approaching the Federal Reserve’s 2%

The usual suspects are driving this market higher The major stock market indices rose over the past quarter due mostly to only a handful of

After taming inflation, the Fed aims for a soft landing The market seems to have found a durable bottom in the fourth quarter of 2023.

After taming inflation, the Fed aims for a soft landing The market seems to have found a bottom in the previous quarter. There was a

Over the past year, the 7 biggest US companies (all technology-related) have performed stunningly compared to the rest of the market. We identify 2 reasons