FEBRUARY 2026 CLIENT LETTER

February 4, 2026 Dear Valued Investor, Other than the historic volatility in gold and silver prices, the biggest news for markets in January may have been the nomination of Kevin Warsh as the next Federal Reserve (Fed) Chair. We anticipate a Warsh-led Fed will be able to steer the Federal Open Market Committee (FOMC) toward […]

JANUARY 2026 CLIENT LETTER

January 7, 2026 Dear Valued Investor, Stocks had another strong year in 2025 as most market benchmarks enjoyed their third straight year of double-digit returns. Last year’s performance was particularly rewarding given how much stocks overcame — notably tariffs. Tariffs weren’t the only obstacle, as market concentration, high valuations, deficit spending, and inflation occupied spots […]

OUTLOOK 2026 CLIENT LETTER

December 9, 2025 Dear Valued Investor, LPL Research is pleased to present Outlook 2026: The Policy Engine. Their annual update offers a thorough analysis of the economy and markets, highlighting potential implications for you. I’m pleased to bring you a few of the key highlights today. The year 2025 offered a clear illustration of today’s […]

2026 Outlook Executive Summary

READ THE EXECUTIVE SUMMARY HERE READ THE FULL OUTLOOK 2026 HERE SUMMARY : This document presents LPL Research’s outlook for 2026, emphasizing the influence of policy decisions on market dynamics and investment strategies. ​ Market Dynamics and Policy Influence The 2025 market was characterized by volatility driven more by fiscal and monetary policy than by […]

DECEMBER 2025 CLIENT LETTER

December 3, 2025 Dear Valued Investor, Stock investors were rewarded for staying the course in November as broad stock market averages recovered from a mid-month dip to end near record highs. The comeback extended the S&P 500 Index’s streak of monthly gains to seven – something to be thankful for alongside the arrival of the […]

NOVEMBER 2025 CLIENT LETTER

November 5, 2025 Dear Valued Investor, The last week of October delivered a flurry of impactful headlines across earnings, monetary policy, and geopolitics — each shaping the investment landscape as we head into year-end. Here are some key takeaways: Corporate America continues to impress. We’re now more than 70% through third quarter earnings season and […]