Posts by Chris Ward

Global markets defied a complex backdrop in 2025, delivering robust returns across both equity and fixed income investments. Shifting trade policies and geopolitical tension created volatility but were ultimately outweighed by corporate earnings strength and lower interest rates. While high equity valuations, persistent inflation and geopolitical uncertainty remain areas to monitor, the global economy is…

U.S. equities advanced during the third quarter and have registered above-average gains for the year, boosted by strong corporate earnings and prospects for monetary and fiscal stimulus. Fixed income investments also recorded positive returns for the quarter and year-to-date as interest rates fell for bonds of all maturities. The resilience that characterized the U.S. economy…

U.S. stock indices staged a forceful recovery in the second quarter following a sharp, but brief, correction in April triggered by trade policy developments. Fixed income investments recorded positive returns in a somewhat volatile period for interest rates as investors weighed the risks of higher inflation against those of softer economic data. Middle East tensions…

U.S. stock indices declined in the first quarter strained by tariff uncertainty and a retrenchment in business and consumer confidence. Fixed income investments recorded positive returns as yields declined across maturities due to slowing growth and a flight to safety. Looking ahead, U.S. economic growth is likely to remain subdued while certain international regions may benefit from…

Equity markets registered significant gains in 2024, underpinned by healthy economic growth in the U.S.  Fixed income portfolios recorded modestly positive returns for the year, with yields falling for short maturity issues and rising for bonds of longer duration.  Resilience of the U.S. economy defied widespread expectations of a slowdown, while many overseas economies struggled…