FOMC: Sowing the Seeds of Unknown Results

BOSTON, MA, March 19, 2025 — The Federal Open Market Committee (FOMC) met today to assess the state of the U.S. economy and monetary policy. What We Learned As markets expected, the FOMC left the Federal Funds Target Rate unchanged at 4.25-4.50%. Although progress in reducing inflation has been broad-based, the data hovers above the Fed’s […]

March 19, 2025

February 2025 Market Review

U.S. rates fell in February in a reversal of the “Trump Trade” that took place following U.S. elections. The 10-year U.S. Treasury finished the month 36 basis points (bps) lower at 4.19%. In response to increased risks of slower growth and higher inflation, real yields declined as risk assets waivered, volatility increased, and the dollar […]

March 6, 2025

February 2025 Sustainable Investment Update

“Shake It Up” was a hit song and multi-platinum album released in the early 1980s by the Boston-based rock band the Cars. It also seems to appropriately describe a theme that has persisted since the start of 2025. In February, the SEC released new guidance related to corporate engagement that could alter how large index […]

March 5, 2025

Barbara McKenna Speaks at 2025 Synergy Summit

BOSTON, MA, February 7, 2025 – Barbara McKenna, Managing Principal and Portfolio Manager at Longfellow Investment Management spoke at the 2025 Synergy Summit presented by Kairos Health Arizona, Inc. in Scottsdale, Arizona on February 7. She presented on adapting to economic shifts. Barbara led an afternoon session that explored the current state of the economy, […]

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February 7, 2025

January 2025 Market Review

Interest rates were little changed from the December close as the 10-year U.S. Treasury finished the month just 3 basis points lower at 4.55%. The curve flattened modestly, with intermediate maturities slightly outperforming. With risks to labor and inflation relatively balanced, uncertainty around administrative policy drove much of the intramonth volatility. To receive the full […]

February 6, 2025

January 2025 Sustainable Investment Update

Policy pundits often speculate what actions may be prioritized in the first 100 days of a new presidential term. This benchmark period, established during Franklin D. Roosevelt’s presidency in the 1930s, has become a measure of early success and indicator of policy priorities of a new administration. For President Trump, fewer than 10 days were […]

February 3, 2025

The End of an Era

BOSTON, MA, January 30, 2025 – The news of China AI startup, DeepSeek, and the subsequent stock reactions illustrates the risk to today’s equity market leaders. Last summer we started sharing a slide titled “Five Eras of Index Concentration” which showed that today’s concentration risk is not unique and market leaders change due to innovation […]

January 31, 2025

FOMC: Uncertainty is Certain

BOSTON, MA, January 29, 2025 — The Federal Open Market Committee (FOMC) met today to assess the state of the U.S. economy and monetary policy. For its opening meeting of 2025, the FOMC left the Federal Funds Target Rate unchanged at 4.25-4.50%, meeting market expectations. Inflation data lingers above the Fed’s 2% target, reflective of elevated prices […]

January 30, 2025

Event-Driven Update Q4 2024

M&A activity rebounded on a global scale in 2024 as inflation generally declined, many monetary authorities pivoted toward lowering interest rates, and economic growth (excluding China) continued. In this context, private equity and corporate buyer activity increased and seems poised to increase further in 2025. Investors are certainly anticipating a more favorable regulatory environment driven by […]

January 17, 2025

December 2024 Sustainable Investment Update

Though the 2024 presidential election has been decided, significant uncertainty remains about which policy priorities of the new administration will materialize. Among the areas we will be monitoring are permitting reform, a shift of power from federal to state, and the expansion of artificial intelligence. This month, we also consider the growing role of private […]

January 10, 2025