Access our record of reports to learn about our performance and our views and analysis of the market.
In 1848, American pioneer James Marshall discovered gold at Sutter’s Mill, igniting the great California Gold Rush. Droves of amateur and professional prospectors from around the globe ventured to California hoping to claim their…
Interest rates continued to rise higher this quarter. This brought fresh concerns for the economy as a whole and, in particular, liquidity in the banking sector. Not surprisingly, taking rates from 0.25% to 4.75%…
With 2022 now in the rearview mirror, we reflect on a year in which stocks and bonds finished significantly down. Investors have not seen a year with negative returns for both major asset classes…
The central banks of much of the developed world continue their most aggressive monetary tightening campaigns since the 1980s, and asset markets everywhere remain profoundly impacted. Bond yields are currently sitting at their highest…
During the most recent quarter, the S&P 500 experienced a 20% decline from peak levels and officially entered a bear market. The tech‐heavy NASDAQ index fared even worse and has now fallen 30% since…
Just as the world was finally beginning to move on from the COVID‐19 pandemic, it was hit by the shock of Russia’s invasion of Ukraine in late February. The ensuing violence and tragic humanitarian…
