Quarterly Market Outlook

“There are decades where nothing happens; and there are weeks where decades happen.” Source Unknown   The escalating tension between Israel and Iran has many investors worried about what could happen next. Although we won’t pretend to know the answer, we do understand that while geopolitical events can cause near-term market volatility, they rarely cause …

“Wall Street tends to overreact when it gets worried about earnings” – Michael Price   As we begin to sift through reports from the start of the earnings season, the takeaway message appears to be ‘good but not great.’ Analysts were expecting sluggish growth in the first quarter with sequential acceleration as the year progressed. …

One of the central themes in our 2024 Outlook was higher productivity growth over the next several years. The key idea was that tight and mature labor markets enhance worker productivity and incentivize businesses to organize work more efficiently and invest in technological resources. That’s something that doesn’t happen when labor is cheap. With better …