More Than Multiples: Understanding the Broader Drivers of Equity Valuations
The S&P 500 has produced a ~25 percent annualized return for the three successive years ending September 2025, a banner period of performance.
AI and the Productivity Paradox: Are We Finally Seeing the Payoff?
Artificial Intelligence (AI) remains the most compelling theme in global markets today. With OpenAI and Anthropic recently valued at $300 billion and $183 billion, respectively, and tech giants, like...
U.S. Government Shutdown Ends: Economic Impact and Next Steps