Biden’s Steel Move Is No Way to Treat an Ally

Published on January 7, 2025

The most telling moment in the Biden Administration’s decision to block Nippon Steel Corp.’s attempted takeover of United States Steel Corp. was unintentional.

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2025: A Year of Promise and Paybacks

January 7, 2025
The College Football playoffs included 12 teams this year and all five automatic berth teams (because they won their conference championships) are now out, including the top two ranked teams, Oregon and Georgia. It wasn’t supposed to turn out this way, and the debate about why has only just started.

Fourth Quarter 2024 Performance Commentary and Review

January 7, 2025
2024 was about as good as it gets in the equity markets – with the BGEP up 31% and the broader market as a whole posting double digit gains. Underneath the surface, we believe that there are three main drivers of the year’s solid returns. We discuss them below in our market review and outlook.