John Gibson, CFA

We closed the books on the third quarter of 2025, and what a year we’ve had so far. Markets were down sharply to start the year during the “tariff-tantrum” but recovered just as swift as trade tensions eased and market fundamentals came into focus. As of September 30 th , the S&P 500 is up 13.72% and the Nasdaq 100 is up 17.46% year-to-date. Interest rates are lower so far this year, even as the global governments added to deficits and debt. The 10-year Treasury started out the year at 4.5%...

John F. Kennedy once said that “change is the law of life.” And he said this before Ozempic, LLMs, Nvidia GPUs, and President Trump....

The stock market has encountered notable volatility over the past two weeks, despite a robust start to the year. As of February 19, 2025,...