Market Commentary

Global markets are reeling from the massive unwind of the Yen carry trade following the Bank of Japan's 0.25% rate hike. This action has led to the largest two-day drop in the history of the Nikkei since 1987. The situation is compounded by fears of a recession, rising geopolitical tensions in the Middle East, and Berkshire Hathaway selling 55% of its Apple shares, further exacerbating the tech sell-off...

Our February 2024 market commentary highlights concerns over market sustainability, labor market weakness, and consumer behavior.