JAG Growth Equity Thematic Insights: Q4 2025
December 2025 Investing in Transformation That Matters Need For Speed: Silicon Edition The AI landscape continues to evolve rapidly, with recent headlines highlighting a growing competitive threat to Nvidia (NVDA) as Google (GOOGL) is reportedly considering external sales of its custom AI accelerator chip, the tensor processing unit (TPU). This note will outline why Nvidia […]
JAG Fixed Income Thematic Insights: Q4 2025
December 2025 – Spread Thin? Why Credit Still Deserves a Place in Portfolios Summary In last quarter’s Insight, we examined the relationship between yield levels and forward return outcomes, illustrating how higher absolute yields improve the odds of favorable results over time. This quarter, we turn to a related but more nuanced factor: credit spreads. […]
3rd Quarter 2025: Markets, Machines, and Megawatts
Markets, Machines, and Megawatts Markets entered the third quarter with strong momentum from the spring rebound and never looked back. The S&P 500 climbed steadily through July and August, then surged to a new all-time high in September on optimism about cooling inflation and a friendlier Fed stance. Tech stocks led the charge yet again: […]
JAG Growth Equity Thematic Insights: Q3 2025
September 2025 Investing in Transformation That Matters Staying Disciplined Amidst a Boom As we move through the end of the third quarter of 2025, the fierce arms race in Artificial Intelligence (AI) is continuing to gain steam. Investors are pouring capital into AI-focused companies at a frenetic pace, chasing the promise of revolutionary breakthroughs. Read […]
JAG Fixed Income Thematic Insights: Q3 2025
September 2025 – Beyond the Yield: A Risk-Based Case for Bonds Summary JAG has maintained a constructive bond market outlook for several years, enduring bouts of volatility, tight credit spreads, and a prolonged yield curve inversion. Despite evolving risks, we consistently reach the same conclusion: absolute yields remain attractive. While this view may sound simplistic, […]
2nd Quarter 2025: From Shock to Strength
From Shock to Strength Last quarter was nothing if not exciting. April opened with what market historians may someday call the Tariff Tantrum of 2025. On April 2, President Trump announced sweeping “reciprocal” duties that – at first blush – appeared large enough to upend global supply chains. Markets recoiled from this shocking announcement, knocking […]
A St. Louis-Based Firm With a Nationally Recognized Investment Strategy
JAG’s Large Cap Growth strategy named a PSN Bull & Bear Masters top 10 performer (3-year period ending 3/31/25) At JAG, we actively manage equity portfolios with a disciplined, transparent process that’s stood the test of time. That’s why our Large Cap Growth strategy was named a PSN Bull & Bear Masters top 10 performer […]
JAG Growth Equity Thematic Insights: Q2 2025
June 2025 Investing in Transformation That Matters Beyond the Headlines, the AI Revolution Continues Although tariff policy, government spending, and politics have dominated the news coverage in recent weeks, we are closely monitoring longer-term catalysts for innovation and disruption including Artificial Intelligence (AI). Read more
JAG Fixed Income Thematic Insights: Q2 2025
June 2025 – Treasury Market Primer: Back to Textbook Basics? Summary As we enter the final weeks of Q2 – and at the risk of speaking too soon – several key markets may finish the quarter essentially unchanged from Q1. This seeming calm, however, obscures the roller-coaster of volatility investors endured in the first two […]
1st Quarter 2025: Tariff Tantrum Turbulence
Tariff Tantrum Turbulence As usual, we completed a rough draft of this commentary a week or so prior to the end of the quarter. We had planned to deliver a relatively routine letter, which would review the events of the 1st quarter and give readers a sense of forward outlook. It might go without saying, […]