The S&P 500 declined approximately 0.8% this week, reflecting a modest pullback after recent strength as investors recalibrated expectations for the path of interest rates. Midweek data pointed to a still-resilient economy—particularly in services activity and labor market readings—reinforcing the
U.S. equities finished the week higher, supported by resilient macro data and stable rate expectations, but gains came against a rapidly escalating geopolitical backdrop centered on the Strait of Hormuz—a critical artery for global energy supply. Iran reasserted control over
U.S. equities rebounded strongly this week, with the S&P 500 rising 2.4% and the Nasdaq Composite gaining 3.0%, marking the strongest weekly performance of the year. After a choppy first quarter, both indices recovered some lost ground, though year-to-date performance
Kip Lytel, CFAMontecito Capital Management Whether you are currently working with us or simply following our market commentary, we believe it is important to provide clarity around both what is happening in markets and how portfolios should be positioned. This
Author: Kip Lytel, CFA Research Analyst: Loveth Abu A Familiar Late-Cycle Question After more than two years of powerful equity gains, investors increasingly find themselves asking a familiar question: how much
When someone inherits a taxable brokerage account, it often contains large positions in individual stocks accumulated over decades. These holdings frequently reflect the investment environment of the previous generation — a time when investors held concentrated positions in dominant American