Over the last several weeks, pressure on software stocks has intensified as investors grapple with what some have dramatically labeled a coming “SaaSPocalypse.”
SaaSination or Selective Opportunity?
A Good Reminder to Diversify
It was an exceptionally busy week for economic data, and by and large, the news this week was very favorable. After a period of weakness in the second half of 2025, the labor market appears to be finding its footing.
The Housing Math Problem
Investors returned from the long weekend to something more jarring than the usual post-holiday lull: a burst of geopolitical theater that triggered the sharpest pullback in the S&P 500 since last October.
Three in a Row — Is 2026 the Market’s Fourth Encore?
2025 is officially in the books, marking the third consecutive year of double-digit gains for the market. It wasn’t just a good year for returns — it was an eventful one, too. At the start of 2025, our optimism wasn’t based solely on sentiment; the data supported it.
Navigating in a Data-Blind Economy
As November begins, markets find themselves navigating unprecedented territory. The government shutdown has now stretched to 38 days, the longest in U.S. history. While Washington remains gridlocked over healthcare subsidies and spending priorities, the Federal Reserve is operating in the dark at a moment when clarity is paramount.
Northwest Financial Experts Urge Homeowners to Proactively “Disaster Proof” Their Finances—Lessons Learned from Wildfire Experiences
PORTLAND, Ore.—(Businesswire)—Homeowners in areas around the U.S. continue to face the threat of natural disasters as wildfire, flood, and hurricane seasons converge in late summer and fall months. Beyond immediate safety concerns, the financial aftermath of natural disasters can be devastating.
Jobs, Jobs, Jobs
Just as the three most important considerations for real estate investors are “Location, Location, Location,” the three things both markets and policymakers were focused on this week were “Jobs, Jobs, and more Jobs” … or fewer jobs as it turned out, with today’s report from the Bureau of Labor Statistics (BLS).
Steady Drip
Despite a somewhat quiet week from an economic data perspective, capital markets were anything but. A steady drip of news about home sales, second-quarter company earnings updates and new trade deals provided investors with plenty to digest ahead of next week’s much-busier economic news cycle.
Big, Beautiful Bond Yields
Over the last few weeks investors have put upward pressure on bond yields for a variety of reasons. First, the U.S. treasury lost its last AAA rating when Moody’s downgraded United States debt to AA.
Data vs. Drama: The Real Economic Story
After a 20% rebound from its April 7 lows, the S&P 500 is positive for the year, marking one of the most significant short-term comebacks in market history. The market rallied on Monday following weekend news about tariff negotiations with China. In a complete reversal from the earlier “Liberation Day” tariff announcement, the punitive 145% tariff rate on Chinese goods was reduced to 30%, with a 90-day pause implemented. In response, China lowered its retaliatory tariff rate on U.S. goods from 125% to 10%.
A Break From Tariff Talk
This week, for the first time in months, tariff news was overshadowed by economic and earnings headlines. Those of us in the business of analyzing the market and economy can agree that this was a refreshing shift.
Investment Strategy Second Quarter 2025
While market volatility has been highly-elevated in recent weeks with the almost daily change in the proposed tariff landscape, in this quarter’s investment strategy video we endeavor to provide a measured perspective on what lies ahead and how navigate the psychology of investing.
Return of the Vigilantes
This week, equity market volatility continued due to last week’s announcement of global tariffs. Investors, attempting to handicap the potential impacts on the U.S. economy and corporate profits, caused a bond market rally by selling risky assets (stocks) and buying safe assets (government bonds). However, something changed over the weekend. The 10-year U.S. Treasury yield started the week at 3.9% and, by Tuesday evening, had reached 4.5%.
Pick Your Poison
Equity markets surged on Monday only to come under pressure to close the week at a 1.5% loss. Absent a rally greater than 4% on Monday, this will be the first quarter since the summer of 2023 when investors have lost money in domestic stocks.
Hold Your Fire
This week, the equity market had a “shoot first, ask questions later” response to news surrounding DeepSeek, a Chinese artificial intelligence startup company that claimed to achieve ChatGPT-level performance at a fraction of the cost. This news sent a shockwave through the technology sector, sparking a frenzy of speculation and questions about AI innovation.
Trees Don’t Grow to the Sky
When my family gathers around the holidays, we enjoy catching up on Jeopardy episodes with our two daughters. As they are both educators, it can be difficult for my wife and me to keep up, but it can also get pretty competitive. In one episode, I had the upper hand as the category was the “Magnificent Seven.” Luckily, this didn’t refer to the movies but to the seven stocks dominating the stock market. In investing circles, the term “Magnificent Seven,” or Mag-7, is well known, and I was surprised it had become recognizable enough to be a Jeopardy category. Unfortunately, while I was the first to “buzz in” and answer correctly in this category, I wasn’t as fortunate the rest of the game.
Reason or Excuse?
On Wednesday, in a widely expected move, the Federal Reserve cut the policy interest rate by 0.25% to a new range of 4.25% - 4.50%. This brings cumulative interest rate cuts to 1% for calendar year 2024.
The Hidden Strain Behind Economic Data
As I was getting my blood drawn yesterday, the phlebotomist learned that I worked in finance and asked my opinion on the economy. Focused on the sting from the needle, I quickly replied that things look fine and that we’re not expecting a recession in the near term.
Trick or Treat
Chocolate-loving parents may be in for a sour surprise as they rummage through their children’s Halloween candy this year. With cocoa prices double the levels seen last year, food companies are getting creative, reducing the size of chocolate bars and adding more non-chocolate treats to their Halloween candy bags for sale. Trick-or-treaters weren’t the only ones to experience an eventful week, as an action-packed capital markets provided investors with their own bag of surprises to unpack.
High Hurdle
As summer wraps up, the kids head back to school, and the weather becomes crisp, I can’t help but remember the ice storm that hit Portland earlier this year during one of the coldest weeks.