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MARKET REVIEW: 2Q 2025

The Trump administration’s tariff plans escalated early in the second quarter, and global stock markets deteriorated rapidly as investors attempted to predict the growth and inflationary impacts of significantly higher tariffs on US imports and the potential for a larger trade war.

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A Persistent Hangover

We enter 2023 reeling from the worst investment conditions in generations which were precipitated by the high cost of three wars: the Russian invasion of

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MARKET REVIEW: 3Q 2022

After staging a significant rally at the beginning of the quarter, stocks rolled over and continued on the downward trajectory that started back in January.

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