2026 Market Perspective
Each year at about this time, we publish our Market Commentary: a review of the prior year in the financial markets and our view of the current market and its prospects. It is not a prediction of market performance over the coming year; it is our view of the internal dynamics of the equity and fixed income markets, what we think it means, and how we have been modifying our portfolio construction in response.
Not surprisingly, it does contain a hue of AI, which we use to help ideate, define, and write. But it hopefully still has our strong imprint, as it was ultimately written and edited by us. The thoughts are our own and subject to refinement. To that end, we welcome your feedback, analysis, and input.
Thank you for reading. As always, we deeply appreciate the trust and confidence you place in us.