Publications

Letter from the CIO: "Markets Jittery as High-Rate Era Dawns" - October 2023

Read the latest publication of our Letter from the CIO titled "Markets Jittery as High-Rate Era Dawns" here:

October 17, 2023

Publications

Geopolitical Shock in the Middle East: Short-term Volatility, Fundamentals Still Prevail

- Markets are pricing in an energy risk premium: oil is approaching USD 100. - Geopolitical crises have historically had a limited impact on markets. - Higher oil prices act as a global tax on consumption.

March 17, 2026

Publications

Affordability, America’s Achilles’ Heel

In an economy that remains wealthy yet increasingly fragmented, purchasing power has become Washington’s primary test.

February 13, 2026

Publications

Letter from the CIO - February 2026

Markets in Transition: Fewer Obvious Trades, Greater Balance

February 12, 2026