This week’s Monday Morning Meeting coincided with the start of June and what we in New England hope are warmer (and less rainy) days ahead. It also coincided with the close of May, which combined with April’s staggering rebound to push most major asset classes into positive territory for the year-to-date 2026 period.

Results across equity markets have been nothing short of exceptional. The S&P 500 Index has advanced by double digits (upwards of 11%) year to date and annualized at 14% over the last five years! Growth stocks – notably companies involved in the build out of Artificial Intelligence capabilities – have outpaced their value counterparts. That said, the S&P 500 Value Index is up 8% year to date and 11% annually over the trailing five years. Internationally, developed markets have largely kept pace with the U.S. year to date, while emerging markets have advanced 25% since December.

We wonder at these outcomes knowing that conventional wisdom would suggest that any of the current developments – war in the Middle East, global oil and gas shortages, creeping inflation, a new Federal Reserve Chair, federal debt in excess of GDP – could easily have been cause for investors to retrench. In short, there appears to be a full decoupling from the headlines and market outcomes.

And we maintain our belief that building strategic, all-weather investment portfolios remains the best way to preserve and grow wealth for generations.

ARCHIVE
Magnifica Humanitas, May 25, 2026
Smooth Seas, May 18, 2026
The Fed, May 13, 2026
Planes. Trains and Automobiles, May 4, 2026
Canaries, April 20, 2026
Integrity, April 13, 2026
Liquidity, April 6, 2026
Democratizing Private Equity – Part II, March 23, 2026
Democratizing Private Equity – Part I, March 16, 2026
Watching the Lights Turn Red, March 9, 2026
Watching the Lights Turn Green, March 2, 2026
Las Cucarachas, February 9, 2026
Gold Math, February 2, 2026
Uncorrelated, January 26, 2026
A Contrarian Trade? January 20, 2026
Woe is Me, January 12, 2026
Investing for Impact, January 5, 2026
2025

Tide Cycle Resources (Tide Cycle) is an investment advisor registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. A copy of Tide Cycle’s Forms ADV Part 2 and Form CRS are available without charge upon request. The opinions expressed are those of Tide Cycle. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward-looking statements cannot be guaranteed. Nothing contained in this document may be relied upon as a guarantee, promise, assurance, or representation as to the future. This should not be taken as specific investment advice. We recommend consulting an investment/tax professional before making financial decisions based on any information provided.

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