Market Leadership Broadens as Rotation Continues
Executive Summary The S&P 500 Index declined -0.8% in February, but the headline masked broad underlying strength. The equal-weighted S&P 500 gained +3.5%, Large Cap Value rose +2.6%, and the Russell 2000 added +0.8%, as the rotation toward smaller and more value-oriented companies continued. In contrast, Large Cap Growth declined -3.4% and the Nasdaq fell -2.3% as […]
Week of March 1, 2026 – Weekly Economic Commentary
The extremely valid question regarding the impact of war in the Middle East on the global economy simply cannot be well-answered at this time. Several immediate areas of concern are clear — oil and gas supplies and prices, transportation flows and costs in the Red Sea (headed to the Suez Canal) and the Persian Gulf (Straits of Hormuz), and […]
Oil and LNG Natural Gas Markets: Fundamentals, Geopolitics and What Investors Should Watch
Despite ongoing headlines about Middle East tensions and potential disruptions, the global oil market enters 2026 with a fundamental backdrop of supply exceeding demand. Crude inventories remain adequate, and analysts still see surplus capacity relative to underlying consumption. In other words, there is no structural shortage of oil barrels — the market is fundamentally oversupplied. Prior to this recent Middle East conflict, […]
Markets Absorb “Epic Fury” — Early Reaction Muted – March 2, 2026
Good morning, Investors begin this month — and this week — with a deep breath as they attempt to assess “Epic Fury” and its potential market consequences. Near-term fact pattern: Market reaction so far has been measured. European equities are down roughly 2.5% on average. U.S. futures are off about 1% by comparison. There has […]