The recent market rotation continued before and during the war, as value stocks posted gains across the market-capitalization spectrum while growth stocks declined.
The Strait of Hormuz closure caused crude oil prices to soar, which ignited fears of slower economic growth, rising unemployment and high prices and lowered expectations for a Federal Reserve interest rate cut.
Our process uses bottom-up financial analysis aimed at identifying large-cap companies that we think have the potential to produce attractive long-term earnings growth.
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Portfolio Review
Equity markets declined during the first quarter. The war in Iran weighed heavily on markets. The Strait of Hormuz closure caused crude oil prices to soar, which ignited fears of slower economic growth, rising unemployment and
