Monthly Update - October 2025
October 7, 2025 •Nathan Willis
September Review – Groundhog Day in Washington
Washington has given us yet another government shutdown; the September 30, midnight shutdown capped...
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Monthly Update - September 2025
September 2, 2025 •Peter Klingelhofer
August Review – Powell Pivot in Jackson Hole Signals Potential Path to Lower Rates
At this year’s Jackson Hole Symposium, Fed Chair Jerome Powell...
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Monthly Update - August 2025
August 4, 2025 •Nathan Willis
July Review – Balancing Strength and Strain
Markets entered the third quarter with a more measured tone, taking a breather after the strong rally...
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Monthly Update - July 2025
July 7, 2025 •Peter Klingelhofer
June Review – New Highs Culminate First Half
April showers brought May flowers and the recovery tune continued playing through June. By the end of...
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Monthly Update - June 2025
June 4, 2025 •Nathan Willis
May Review – Sunshine After the Storm
April’s market turbulence gave way to a bright May, as investor optimism fueled a 19% rally from the April...
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Monthly Update - May 2025
May 5, 2025 •Peter Klingelhofer
April Review – Focus on long-term principles to see through the fog of uncertainty
“Without goals, and plans to reach them, you are like a ship that...
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Monthly Update - April 2025
April 4, 2025 •Peter Klingelhofer
March Review – The fog of trade wars has thickened
The “fog of war” is a metaphor that was first used by Carl von Clausewitz (1780-1831), a Prussian...
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Monthly Update - March 2025
March 3, 2025 •Nathan Willis
February Review – Trade wars lead to uncertainty and a technology selloff
Trump’s tarriff announcements on products (Steel) and countries (China,...
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Monthly Update - February 2025
February 3, 2025 •Peter Klingelhofer
January Review – Market Reversal Highlights the Benefits of Diversification
Market performance over the last two years has shared a unique...
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Monthly Update - January 2025
January 6, 2025 •Nathan Willis