I guess the party wasn’t over… After the Iran conflict caused markets to sell off rapidly in March, we saw stocks bounce back just as rapidly in April and May. Easing tensions in Iran and earnings results that started to justify the massive AI spend gave the markets legs, and it continued its climb to new all-time highs. […]
Is the party over? Markets finally took a tumble in March, and all it took was a war. The bombing campaign in Iran spiked oil prices and sent equity markets lower. Markets had climbed in a straight line since last April’s bottom, and even prior to the Iran conflict, many traders were starting to look […]
The Everything Rally…Markets just capped off another year of positive gains as nearly all major asset classes posted positive returns for the year. This year felt like a mirror image of 2022. While returns moderated slightly in the fourth quarter, markets continued to shrug off inflation and valuation concerns. Worries around the tariff’s impact on […]
Bubble or bull run? With the markets continuing to hit all-time highs, valuations continue to be called into question. Mega-cap technology names have been the big drivers behind market performance and now make up a disproportionate percentage of the overall market cap. Concerns over a market bubble, driven by the frenzy around AI, have increased […]
Big beautiful tariffs… The Trump administration sent markets into a tailspin to start the second quarter, announcing sweeping tariffs on nearly all imports. However, markets quickly reversed course as some of the tariffs were walked back and the initial tariff levels were seen more as a negotiating tactic than anything else. As we saw corporate […]
Click here for .pdf version of this report: The Brave Report-2025Q1 The party is over, for now…. Markets finally softened in the first quarter, pulling back from all-time highs. A rotation out of some of the large technology names dragged the markets down and created a reprieve from very stretched valuations. As we were starting […]
Click here for .pdf version of this report: The Brave Report-2024Q4 There are two certainties in life, death, and the stock market just going up…. We continued to see the markets rally over the 4th quarter, continuing to be led by the large tech names. Rates spiked higher, and the markets went up. We went […]
Click here for .pdf version of this report: The Brave Report-2024Q3 All eyes on the Fed… The Federal Reserve finally ended its cycle of rate increases, cutting rates by half a percent. While a 50-basis point cut isn’t going to do a lot to stimulate growth, it sends a signal to investors that the Fed […]
How magnificent…. The markets marched higher this quarter continuing to be powered by the large tech names. While market performance has been great, the rise of a few large highflyers has given us a false sense of overall market performance. We continue to wait for more names and sectors to join the rally but so […]
Click here for .pdf version or this report: The Brave Report-2024Q1 I guess markets only go up…. The markets have continued to surge to start the year, adding to the gains we saw to close out 2024. Equity valuations seem a bit stretched but economic data has also surprised to the upside creating an environment […]