Whoa! Stocks threw a tantrum as long-term bond yields edged closer to their 2024 highs. Over time, I have grown used to the pessimists and fear mongers predicting doom and gloom at every turn. As expected, I prefer to focus on the brighter side, seeing this as the markets simply adjusting to the normalization of the yield curve amid ongoing economic expansion.

While risk assets may experience some turbulence as long-term rates rise, I believe this struggle will be short-lived. My team and I regularly keep an ear to the ground, listening to the grumblings of the perma bears not because we share their outlook but because it is an efficient way to remain alert to potential risks that could impact the economy and markets.

Who is keeping an eye on Trump? Everyone should have their hand raised. Of course, concerns remain about what policies the new administration will implement this year and their implications for inflation and growth. That is a story for another day.
I anticipate higher volatility in the stock market over the next couple of weeks. However, as the dust settles, Wall Street seems poised to resume its climb toward new record highs although, as always, timing remains an unpredictable art.
No bullshit whatsoever. Just as 2024 scaled a wall of worry, 2025 will likely do the same. For now, it is worth noting that the recent run in yields has more to do with market sentiment than with underlying economic fundamentals.
Higher volatility directly benefits our alternative investment funds, which delivered exceptional performance last year. These funds, designed with negative to zero correlation to traditional benchmarks continue to provide meaningful diversification and stability in uncertain times.