Investor Memo - Q2 2025 From Panic to Peak:  Market Turmoil, Recovery, and the ...

Stock Price Performance in ReviewWe postponed publication of our quarterly memo awaiting the statement ...

Stock Price Performance in ReviewThe year 2023 ended on a high note. During the ...

Stock Price Performance in ReviewWe begin our Q3 2024 memo with a look back ...

The performance of the market was remarkable in the second quarter. Driven by the ...

The S&P 500 ended the year 2023 at 4,769. During December, several leading financial ...

A market crash is nothing more than a low risk premium meeting risk aversion.----- ...

Discount rate variation (equivalently expected returns, risk premiums) is now at the center of ...

During the first quarter the story of both the fixed income and stock market ...

During the first quarter the story of both the fixed income and stock market ...