Updates about our firm, markets, and our investment research.
Download (PDF, 481KB) Second Quarter 2025: 404 Error – Recession Not Found Despite recession fears and gloomy headlines, markets remained resilient in the second quarter of 2025. The sharp April selloff that nearly pushed the S&P 500 into bear market territory has been recovered and then some. Since President Trump’s
Download our 2025 Capital Market Assumptions Report. Sellwood’s 2025 Capital Market Assumptions represent our best current thinking about future returns. They are the essential building blocks of the asset allocation work we perform for clients. Our 2025 return and risk assumptions are presented below: We update our capital market assumptions
Download (PDF, 481KB) First Quarter 2025: When It Rains, It Rains on Everyone The first quarter of 2025 marked a reversal for U.S. equities, as optimism gave way to uncertainty. A combination of shifting trade policies, a weakening dollar, and a cooling technology sector weighed on markets, sending the S&P
Download (PDF, 481KB) Fourth Quarter 2024: Saddle Up: The Magnificent Seven Ride Again, Leaving Others in the Dust Amid worrisome global turmoil, more modest rate cuts than anticipated, and a US election reversal, mega-cap tech giants powered the S&P 500 to 57 record closes in 2024, along the way to
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