1st Quarter 2026
Key takeaways
► Shaky start
► Stocks and bonds fall
► Any Fed cuts this year?
► Stagflation?
► Stay the course through chaos
4th Quarter 2025
Key takeaways
► Third year of double-digit returns for stocks
► Most fears did not play out
► A.I. dominated again
► Fed cut three times
► Stock rally broadening out
► Staying the course in 2026
3rd Quarter 2025
Key takeaways
► Stocks at records
► Market broadening out
► But stocks are pricey
► Fed fighting two risks: inflation and unemployment
► Lower rates will support the market
► Reduced expectations next year
2nd Quarter 2025
Key takeaways
► Stocks survive “Tariff Tantrum”
► Yes, No, Maybe on Tariffs
► Oil takes center stage
► Inflation still lingers
► Focus on the “big, beautiful bill”
1st Quarter 2025
Key takeaways
► Stocks down. Bonds up.
► Policy uncertainty dings confidence
► Inflation remains sticky
► Consumer sentiment sags
► Diversification is key
4th Quarter 2024
Key takeaways
► Another excellent year for stocks
► Inflation remains stuck
► Beware Trump’s policies
► First quarter may be bumpy
► American exceptionalism will prevail
3rd Quarter 2024
Key takeaways
► Another excellent quarter for stocks
► Small and international stocks shoot up
► Inflation moderating
► Rate cuts support risk assets
► The election looms
2nd Quarter 2024
Key takeaways
► Stock market steadily rises
► Inflation receding (very slowly)
► Labor market softening (very slowly)
► One Fed rate cut (maybe two?)
► It’s all about the election hereon
Summer 2024 Outlook
As we step into the summer of 2024, it’s essential to assess the current state of the stock and bond markets.
1st Quarter 2024
Key takeaways
► Stellar stock performance
► Sticky inflation
► Fewer Fed Rate Cuts (if any)
► Government debt tremors
► Add to stocks on pullbacks