March Recap: The Market Navigates Economic and Policy Uncertainty
Monthly Market Summary Stocks fell in the first quarter after two consecutive years of gains exceeding +20%. The year started off strong, with the S&P 500 reaching a new all-time high in mid-February. However, sentiment shifted late in February amid rising policy uncertainty in Washington, and the S&P 500 ended the quarter down. There are […]
A Whole New Backdrop – Time to De-Risk – April 8, 2025
April 8, 2025 Good morning, For the last several weeks, we have been following the four steps to a bottoming process that the market undergoes when in a downtrend: oversold, rally, retest, and breadth thrusts. As mentioned last Friday morning, one of the rules of the process is that if a retest fails (a lower […]