Previewing Clearwater Capital’s Outlook 2025

/
Previewing Clearwater Capital’s Outlook 2025

In 2024, the S&P 500 experienced a remarkable rise of over 23% and delivered a total return of 25%.  This was a year punctuated by 57 record highs, marking it as the fifth most prolific year for records since 1957, all without a single correction reaching 10%.  Central to this impressive performance were the "Magnificent Seven," a group of influential stocks that fueled roughly half of the gains.  Their leadership was propelled by investments and optimism surrounding artificial intelligence, which bolstered large-cap and growth stocks.

Read More

The collapse of the Russian Ruble, what does it mean?

/
The collapse of the Russian Ruble, what does it mean?

There are many factors that determine the strength of one currency versus another. The interest rate differentials between countries, the level of a country’s fiscal discipline compared to another, and the stability of one’s government, are just a few of the variables that influence the flow of global capital and subsequently, the strength and weakness of a currency.

Read More

August Private Client Letter

/
August Private Client Letter

Economists and analysts began the year with relatively muted expectations for the U.S. economy. Emergency use authorizations for COVID-19 vaccines were just being issued and there was much uncertainty surrounding their availability and efficacy. Understandably, most forecasts for the reopening of the economy were cautious, if not grim. At the beginning of the year our country was still very much in lockdown mode and while hopeful, true optimism was hard to come by.

Read More