Should investors prepare for tail outcomes in 2025? The NASDAQ fell 3% on Monday following reports of Chinese AI advancement on lower development costs. While the data and narratives out of China are often lacking the full truth, it does represent a crack in the narrative that limitless power and AI infrastructure are requirements to...
Equity Markets – Strong Start to Q4 Earnings Season Equity markets rose during the week as investors continued their “risk-on” mentality. The S&P 500 Index rose 2.3%, while the NASDAQ Composite gained 2.6%. The Magnificent 7 was up 1.7%. Small caps rose 2.1% for the week. Bond indices gained 0.4% during the week. Year-to-date, equity...