Thought Leadership

The House of Representatives passed the One Big Beautiful Bill (OBBB) on May 22nd, advancing the reconciliation process to the Senate where it may undergo further revisions. …

Each year of the 2020s has featured market volatility driven by distinct catalysts. In 2020, COVID-19 fears dominated markets. Volatility subsided in 2021 but remained elevated around …

The contours of a new “U.S.-U.K. Economic Prosperity Deal” were announced last week, marking what could be the first of many more trade agreements to come. Key …

Big Tariffs on the Table The announcement of a 90-day pause on reciprocal tariffs is a considerable (albeit temporary) weight lifted from a tariff program that is …

Executive Summary The new administration kicked off with a flurry of policy changes highlighted by new tariffs, cost-cutting efforts and tax policy discussions in Congress. Growth expectations …

On March 13, 2025, the S&P 500 entered correction territory, closing ~10% lower than its all-time high. Since 1927, intra-year declines of 10% or more occurred in …

Positive earnings surprises for the Magnificent Seven have been more in line with the broader S&P 500 index this year relative to last year, suggesting that expectations …

An alternative argument to concentration is the underperformance of the S&P 500 cap weighted versus equal weighted index. Over the past 66 years, the S&P 500 Equal-Weight …

From 2010 to 2019, release dates for nonfarm payroll (NFP), Federal Open Market Committee (FOMC) meetings and Consumer Price Index (CPI) announcements didn’t experience unusual volatility as …

Market Review: Fourth Quarter 2024 What We Know: Q4 2024 Recap The S&P 500 Index saw its fifth straight quarter of positive returns, finishing Q4 2024 with …