Are We There Yet?

Are We There Yet? Anyone that has traveled with kids is familiar with the constant question: Are we there yet?  We wouldn’t be surprised if that same question is consistently on investors minds over the next few months. At least when you traveled with the kids, you knew where you were going. We wish we […]
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Brass Tacks

Brass Tacks One of the more difficult things about investing in a Trump Administration is the constant state of distraction. It is all too easy to get caught up in day-to-day antics and lose perspective of the stuff that will really matter in the long run. It’s a constant battle. This week, we want to […]
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Relief Valve

Relief Valve A pressure relief valve is a safety device that automatically releases excess pressure in a system when it exceeds a predetermined level, preventing potential damage or catastrophic failure. While a relief valve is a critical safety feature, it is not designed  to solve the underlying problem creating the excess pressure. What we have […]
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A Time for Steady Hands

A Time for Steady Hands The market volatility this week has been jarring — some of the most intense swings we’ve seen since the early days of the COVID-19 crisis. Much of it has been driven by the announcement of substantial new tariffs under what Trump has labeled “Liberation Day,” a move that is not […]
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Special Report: Liberation Day? Not So Liberating.

Liberation Day? Not So Liberating. President Trump’s so-called Liberation Tariff Day wasn’t very liberating for the stock market or the broader economy. As we’ve consistently said, markets hate uncertainty, and right now, we’re facing the most consistent uncertainty we’ve seen since the early days of COVID. Our view is simple: the tariff terms announced are so extreme that […]
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April 2, 2025: “Liberation Day” or Policy Wild Card?

April 2, 2025: “Liberation Day” or Policy Wild Card? Dubbed “Liberation Day” by President Trump, April 2 is shaping up to be a pivotal moment for U.S. trade policy—not an April Fool’s prank, but a serious shift with potentially far-reaching implications. That said, given the administration’s historically erratic, start-and-stop approach to tariffs, uncertainty still looms […]
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