We’ve received many client questions about seasonality in stocks, and specifically about the ‘September Effect’. This is the theory that investors should sell their stocks after Labor Day to avoid autumn volatility.

The day of reckoning is here. Earlier in the summer, the Trump Administration set a global trade deal negotiation deadline of August 1.

While both valuation and technical factors suggest to us that the dollar may continue to weaken in the near-term, we would caution investors against reading too much concerning the US’ long-term economic stability into further dollar weakness.

Recent US stock weakness may be related to a downturn in US economic data and headline shocks related to tariffs.

The U.S. economy remains structurally productive. American Economic Exceptionalism is powered by innovation and labor flexibility.

For stocks, Christmas came with a 'Santa Clause' rally soon after the election. Since then, there's been a correction in US markets.

We are excited to release our October 2024 Chart Pack, our visual quarterly designed to walk investors through what’s happening in markets.

With US payroll and unemployment data surprising to the downside two Fridays ago, Treasury markets quickly repriced the probability of impending recession, helping set off a volatility spike in stocks across the world. According to Bloomberg, economists’ consensus probability of a US recession in the next twelve months is now approximately 30%.

Since World War II, the US Dollar (USD) has served as the world’s preeminent ‘reserve currency’ – the means of exchange for most of the rest of the world to do business.