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Market Commentary February 2025

Letter 3

Following a challenging December, January was kind to most major asset classes with gold and equities leading the gains.

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Executive Summary Q2 2025 Market Review​​​​ Q2 2025 saw strong rallies across most asset classes, apart from the US dollar...

Market Commentary June 2025

The US and China agreed to a temporary 90-day trade truce, easing fears of an escalating tariff war. This fueled...

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April 2025 was a tumultuous month for markets, triggered by Trump’s announcement of reciprocal tariffs that triggered a massive selloff...