Tariffs, Turbulence, and Timeless Principles

Cole Leonida, JMA Associates

Why Perspective Beats Prediction The first few months of 2025 have reminded us that the market is anything but predictable. From sudden sell-offs to historic rallies, U.S. markets have been whipsawed by aggressive trade policies, shifting Federal Reserve signals, and emotionally charged investor sentiment. We’ve seen volatility on par with the early days of COVID-19…

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Understanding Markets in Election Years

Cole Leonida, JMA Associates

There’s no denying that politics and financial markets are inextricably linked. The market responds to the economy, and the economy responds to political policy. From legislation and tax reform to domestic and foreign policy, political decisions affect the economy, the consumer, corporate profits, and, ultimately, the price of stocks. With an election around the corner…

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