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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...
2024 Q2 Letter

2024 Q2 Letter

by Nasser Ali | Jul 12, 2024 | Client Communication, Quarterly Letters

Pause. After an 18-month surge for most asset classes, the second quarter was marked with less than stellar returns. The primary impetus was The...
2024 Q1 Letter

2024 Q1 Letter

by Nasser Ali | Apr 5, 2024 | Client Communication, Quarterly Letters

Calls for recession were nearly unanimous at the beginning of 2024. How could one argue with deteriorating fundamentals while the full weight of the...
2023 Q4 Letter

2023 Q4 Letter

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

The final quarter of 2023 was ushered in with balloons, confetti, and celebration. All it took was the Federal Reserve (Fed) to finally confess what...
2023 Q3 Letter

2023 Q3 Letter

by Nasser Ali | Oct 6, 2023 | Client Communication, Quarterly Letters

The third quarter started with a boom of pent-up exhilaration. Excitement to break free from work hours and travel, visit the beach, or partake in...
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