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2025 4th Quarterly Review

2025 4th Quarterly Review

by Nasser Ali | Jan 8, 2026 | Client Communication, Our Insights, Quarterly Letters

Perseverance best describes the U.S. economy, the global economy, and the financial markets. All three have powered through tariff-induced trade...
2025 3rd Quarterly Review

2025 3rd Quarterly Review

by Nasser Ali | Oct 10, 2025 | Client Communication, Quarterly Letters

Surprise! What was expected to be a turbulent quarter turned out to be absent volatility. Yet, the list of worries compounds with tariffs, inflation...
2025 2nd Quarterly Review

2025 2nd Quarterly Review

by Nasser Ali | Jul 10, 2025 | Client Communication, Quarterly Letters

The second quarter can be described as a rollercoaster given the turbulent ups and downs. It might be better characterized as a mini-market cycle...
2025 Q1 Letter

2025 Q1 Letter

by Nasser Ali | Apr 10, 2025 | Client Communication, Quarterly Letters

Entering 2025, investors were feeling optimistic. The S&P 500 had just delivered back-to-back years of returns over 20%. The Federal Reserve had...
2024 Q4 Letter

2024 Q4 Letter

by Nasser Ali | Jan 10, 2025 | Client Communication, Quarterly Letters

The fourth quarter of 2024 was marked by surprises from various domains. Economic data was generally mixed, US elections were dotted with surprises...
2024 Q3 Letter

2024 Q3 Letter

by Nasser Ali | Oct 4, 2024 | Client Communication, Quarterly Letters

Q3 2024 can be summed up in a single word… eventful! The ebb and flow of surprises provoked stock market volatility. Domestic economic surprises...
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