Quarterly Insights

Friday, 07/21/2023

THE “MAGNIFICENT SEVEN” AND NARROW MARKET LEADERSHIP – The Magnificent Seven stocks have benefited from both the perceived safety of their business models and a wave of AI enthusiasm. – This group has added a combined $4.1 trillion of market capitalization in the last six months, roughly the size of Germany’s economy. – The best opportunities for valuation expansion in coming quarters are likely to be in the 493 non-Magnificent Seven S&P 500 stocks.

Tuesday, 04/18/2023

In this issue: Artificial intelligence (AI) has captured the world’s attention following the November launch of OpenAI’s generative AI chatbot ChatGPT. Microsoft (MSFT), which has a 40% stake in OpenAI, is preparing to challenge Alphabet's (GOOGL) search dominance. Unreliable output, copyright infringement risks, and concerns about content liability could slow the adoption of AI.

Saturday, 11/19/2022

In this issue: Crypto Meltdown, Year in Review.

Monday, 08/15/2022

In this issue: Midterm Elections, The Fed's Tough Job, Summer Rally Fades, Prioritizing Price Stability, Will Corporate Earnings hold up?

Friday, 05/06/2022

In this issue: Bear markets and Recessions, Navigating a Soft Landing, Stocks Enter Bear Market, Bond Market Volatility Soars, Have markets Priced in a Recession?

Sunday, 02/06/2022

In this issue: Market Brief, Economy, Equity, Fixed Income, Alternatives, Disclosures.