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Newsletter – Q3 2025 in Review

Newsletter – Q3 2025 in Review

The third quarter of 2025 delivered strong results across most asset classes. Global markets responded favorably to the long-anticipated September interest-rate cut by the U.S. Federal Reserve, and continued resilience in corporate earnings. While valuations remained...
Newsletter – Q2 2025 in Review

Newsletter – Q2 2025 in Review

The second quarter of 2025 started with turmoil. Equity markets plunged in early April after the U.S. imposed sweeping new tariffs (up to 60%) on imports from China, Mexico, and even close allies like Canada. Dubbed “Liberation Day.” This policy shift created...
Newsletter – Q1 2025 in Review

Newsletter – Q1 2025 in Review

The Roundup Quarter in Review – Q1 2025 Q1 2025 Market Recap — U.S. Volatility Reverberates North The first quarter of 2025 didn’t unfold as many investors had expected. Markets entered the year on a wave of optimism — record highs in U.S. equities, expectations for a...
Newsletter – Q4 2024 in Review

Newsletter – Q4 2024 in Review

The Roundup Quarter in Review – Q4 2024 As we reflect on 2024, several major themes have shaped the investment landscape. The year was marked by a buoyant mood in global markets, and particularly in the U.S., driven by strong corporate earnings and resilient consumer...
Newsletter – Q3 2024 in Review

Newsletter – Q3 2024 in Review

The Roundup Quarter in Review – Q3 2024 The third quarter of 2024 saw a continuation of strong equity returns, but with a noticeable difference: the Magnificent 7 (MSFT, AMZN, META, APPL, GOOG, NVDA, TSLA) began to show signs of weakness, relative to the broader...