Q4 Capital Markets Review
Both global equities and fixed income appreciated strongly during Q4 and delivered impressive returns for full year 2025. Tariff uncertainty continued to abate with the impact on inflation and corporate earnings much lower than initially feared. US economic growth continued to rebound strongly follo
Q3 Capital Markets Review
After a volatile first half marked by tariff uncertainty, Q3 2025 delivered strong gains across global markets as trade tensions abated and AI enthusiasm resurged. However, stretched valuations, concentrated equity exposure, and massive AI capital spending now present meaningful risks. Our report ex
Q1 Capital Markets Review
Entering 2025, strong economic momentum gave way to heightened volatility as aggressive U.S. tariff actions disrupted markets and trade relationships. Our report reviews how these shifts impacted public and private markets, identifies actionable investment opportunities, and outlines strategic posit
