Following the last three years, a pause in risk assets was predictable—if not expected.  We noted as much in our Q3 2025 Market Outlook, which was based not on the quality of our crystal ball, but on our belief that markets rarely deliver sustained, above-trend returns without some measure of consolidation.  Markets were priced to perfection and the magnitude of the gains since 2023 only serves to make a correction all the more likely. As a quick reminder of where … Continue reading US Economic Outlook 2026 – Q1: Staying Grounded as Markets Digest Uncertainty