by NHPAF | Jul 21, 2025 | Blog, CIO's Corner
As we closed out the second quarter, a slow-moving but consequential shift is underway in financial markets. While President Trump’s tariff policies and expanding fiscal deficits draw headlines, the deeper story is unfolding in the bond market—where long-dormant “bond...
by NHPAF | Mar 14, 2025 | Blog, CIO's Corner, Uncategorized
The United States has moved forward with the decision to implement tariffs globally—a bold policy that has sparked debates, challenges, and uncertainty across industries and markets. While the initial focus was largely on trade tensions with China, the expansion of...
by NHPAF | Jan 17, 2025 | Blog, CIO's Corner
The S&P 500 TR index finished the year up over 25%, with the rally spreading to the broader markets. The Bloomberg US Aggregate Bond TR Index also had strong performance, up 1.3% for the year. Commodities and CTA/managed futures strategies faced challenges, giving...
by NHPAF | Jul 18, 2024 | Blog, CIO's Corner
Artificial intelligence continued to propel stocks higher, bringing the S&P 500 TR Index up 15.3% YTD. Chip maker Nvidia even briefly became the world’s highest-valued listed company in June. While during the first half of Q2, markets continued to price out an...
by NHPAF | Jan 25, 2024 | CIO's Corner
2023 saw the turnarounds of both stocks and bonds. By the end of the year, the 60/40 portfolio had almost recovered from one of its deepest drawdowns. In contrast, the year proved to be a difficult year for CTAs. In hindsight, 2022-2023 mirrored a lot of what happened...
