Insights
Stay informed and gain a clearer understanding of the markets with insightful white papers and
regular newsletters provided by our partner, Summit Financial, and their investment team.
Investment Newsletter – First Quarter 2025
May 9, 2025
After the initial GDP Now estimate for real U.S. GDP growth in Q1 2025 came in at 2.9% on January 31st, it was quickly revised higher to 3.9% just a few days later. Since then, however, projections have fallen sharply, bottoming at –3.7% on April 1st before rebounding slightly to […]
Investment Newsletter – April 2025
May 9, 2025
Global equity markets experienced a swift selloff after President Trump’s announcement of sweeping reciprocal tariffs on Liberation Day.
Tariffs and Market Volatility
April 4, 2025
Historic Tariff Conflict Ignites Economic and Market Disruption The Trump administration was widely expected to pursue protectionist policies, ending decades marked by expanding free trade. The breadth and magnitude of the tariffs announced by the new administration has been much more aggressive than anticipated. U.S. equity markets have weakened over […]
Test in Staying the Course
March 17, 2025
(Another) Test in Staying the Course Recent market volatility is yet another painful reminder of what happens to risk assets during challenging times for the world and economy, this time revolving around a political regime change and again escalating trade tensions. Market volatility is a natural aspect of investing, and […]
February 2025 – Investment & Economic Newsletter
March 10, 2025
The second Bureau of Economic Analysis estimate of Q4 2024 U.S. real GDP growth remained unchanged at 2.3%, adding confidence that the economy ended the year on solid footing. Current GDPNow projections for Q1 2025, however, have economic growth turning negative to –2.8%, reflecting expected declines in real personal consumption […]
January 2025 – Investment & Economic Newsletter
February 7, 2025
According to initial estimates of the Bureau of Economic Analysis, U.S. real GDP grew at an annualized rate of 2.3% in the fourth quarter, driven by increases in consumer and government spending.
Update on Potential Implications of U.S. Tariffs
February 3, 2025
President Trump made good on his threat to impose tariffs on Canada, Mexico, and China, spooking markets and leading major indices to start the week in the red. The executive orders include 10% tariffs on all goods imported from China, 25% on all goods imported from Mexico, and 25% on […]
Year-end 2024 – Investment & Economic Newsletter
January 15, 2025
2024 was the second consecutive year that defied expectations. Growth remained resilient, inflation was manageable, and risk assets performed favorably. Strong results from the past two years have set higher expectations to meet in 2025. The Fed kicked off its easing cycle by cutting its policy rate three times throughout […]