Market Reflections: A Quiet Observation

Under the recent administration, the numbers have been… agreeable. The Dow, the S&P 500, the Nasdaq – they all ascended with a cheerfulness that bordered on the excessive. Fifty-seven percent, seventy percent, one hundred and forty-two percent… one almost expects a brass band to accompany the reports. And 2025, the first year of the second term, continued the trend – modest gains, certainly, but gains nonetheless. It’s a comfortable rhythm, though one suspects comfort is often a prelude to something less so.







