Thought Leadership

Ever since the calendar flipped to the second half of 2025, small caps have performed well relative to their larger counterparts. The Russell 2000’s 14.7% total return …

Energy demand is rising, driven by artificial intelligence, electrification, and industrial reshoring, which are raising supply-demand imbalance and price risk. Past energy demand shifts were triggered by …

As covered in the popular financial press1, the boom in AI has led to capital expenditure (“capex”) levels not seen in recent history. Among the largest 7 …

The U.S. federal government shutdown has entered its second week, yet financial markets have largely taken the event in stride. Since the October 1 funding lapse, the …

Executive Summary Tariff volatility eased as key agreements took shape despite legal challenges. The U.S. economy proved resilient amid price pressures, though cracks began to appear in …