Commentary

April saw a rapid shift to risk-on investing as equity ETFs gained $106 billion, despite ongoing geopolitical tensions and mixed economic signals.

60% of the time, it works every time. Anchorman: The Legend of Ron Burgundy (2004)

You’ve fallen victim to one of the classic blunders! The most famous is never get involved in a land war in Asia, but only slightly less well known is this; never go in against a Sicilian, when death is on the line!

While the equity market has felt to some like it may have been beaten with a reed in a burlap bag, the headline numbers don't always tell the full story.

Not every headline is a turning point. Some are just Hawaiian Shirt Day.

Markets latched onto Waller and Williams’ comments as permission to lean into the possibility of a December rate cut.

Inflation and labor are both cooling - CPI is easing toward ~2.5-3.0% while job cuts just hit their highest October level in 22 years, signaling a softer but still functioning economy.

The Federal Reserve’s September rate cut – 25 bps down to a 4.00–4.25% target range – was the key refrain of Q3 After the fastest hiking cycle in decades, the Fed has pivoted toward easing, citing balance-of-risks and a softer labor market.

Wealthstone Group's March 2025 Market Commentary analyzes recent equity volatility, emphasizing the importance of diversification amid uncertainties, particularly around tariffs and inflation expectations.