Market Commentary March 2024

Letter 3

Rather than just looking at February’s performance, an analysis of returns since end-2023 provides a glimpse of what to expect after the era of cheap money.



Executive Summary Market Review​​​​ Mr. Market has been particularly schizophrenic in the past 12 months: Fed expectations have swung from...

Market Commentary May 2024

After a relatively stable Q1, which saw equities climb on the back of the economy’s resilience, April saw fresh bouts...

Market Commentary April 2024

The year started with a volatile January, followed by gains starting in February as investors shook off their prior concerns.