The gradual transition of the financial backdrop back to pre-pandemic conditions encountered new challenges in the first quarter, unnerving both stock and bond investors. At stake is an economy looking to maintain its upward trajectory, having already managed through multiple COVID waves, surprisingly tight labor...

Summary Market volatility has remained very high since our recent update in late January. We have seen additional evidence regarding the persistence of inflation and now the unfortunate incursion by Russia into Ukraine. We don’t try to sugar-coat the times when stock prices are in turmoil,...

From a broad perspective, the world moved closer to normal over the past year. At the same time, there was very little about this year that seemed normal. Such is the process of putting the pieces back together, knowing the outcome won’t necessarily look like...

Seven consecutive months of positive returns came to an abrupt end in September, erasing gains for the quarter for most broad-based equity indices.  This turn of fortune was accompanied by a mix of new and old developments that for now have turned investors more cautious. ...