2025 Market Outlook – Gravity’s Edge: Teetering Between Ascent and Recovery
Last year, markets and the economy defied gravity, climbing higher even as elevated interest rates generated heavy drag. Equities soared, duration suffered, and businesses remained remarkably healthy. Now, in 2025, we stand at Gravity’s Edge, a horizon where segments of the market will be tested to assess which have the thrust to achieve escape velocity, propelling further growth, and what areas risk burning up upon reentry.
2024 Market Outlook – Defying Gravity: Navigating The New Normal
2023 emerged as a year of resilience and unexpected positive turns, defying the new normal of higher interest rates, which were expected to exert pressure on the economy and markets.
2023 Market Outlook – Return of Gravity
We are delighted to turn the calendar on a year that served investors a double whammy as both equities and fixed income investments suffered double digit losses. Markets are expected to now enter a new-found regime characterized by lower growth, higher interest rates, and higher inflation than investors have grown accustomed to.
2022 Market Outlook – Threading The Needle
2022 will be a defining point in the current market cycle. The world is finally moving past the effects of covid and entering a normalization phase for economic growth and monetary policies. We are moving deeper into the middle of the cycle, and the removal of policy support will leave both the stock and bond […]
2021 Market Outlook – The Great Reset
The roaring ’20s are back. The global response to COVID from governments and central banks hit the reset button for the global economy, and we are reentering the expansionary phase of the business cycle. This year we are seeing shifts in the market that we have not seen in over a decade. Our 2021 outlook […]
2020 Market Outlook – Not Too Hot, Not Too Cold, Just Right?
2020 will be defined by the three C’s: Consumer, Credit, and China. The return to a prolonged period of easy money policies and idling central banks lowers the risk for a policy driven recession this year. The global economy back has moved back into a Goldilocks regime where growth is just hot enough to keep […]
2019 Market Outlook – Receding Tides
The markets hit the reset button at the end of the year. We expect the sledding to be tough this year, but that doesn’t mean that the trip is over.
2018 Market Outlook – The View from the Top
The return of broad-based global economic growth last year pushed the markets to new highs. This year we expect the markets to continue the climb upwards, but the path will be more volatile. The factors that are driving market appreciation are changing. Adapting to these changes will be crucial to meeting investment goals.
2017 Market Outlook – Back to Business
2017 is shaping up to a be a year in which the future direction of politics and economic policies are decided. Click the link to read how we view the economic landscape and how we are positioning our portfolios to stay a step ahead of the ups and downs this year is sure to bring.
2016 Market Outlook – We’ve Been Here Before
Before we begin to discuss our outlook for the upcoming year, we feel it’s appropriate to take a step back and evaluate where we are, where we’ve come from, and where we are going. It has been over 7 years since Lehman brothers collapsed. While the S&P 500 has appreciated 97% (or 9.8% annualized) since […]