Commentary

The Lasting Impact of the COVID M2 Surge: Why Diversification Is More Crucial Than Ever

When the Fed increased the M2 money supply by over 40% during the COVID crisis, our instinct was that the implications would extend far beyond a temporary boost to the U.S. stock market and higher inflation. That intuition is proving accurate. We’re now seeing the long-term ripple effects play out in real time across multiple asset classes and global markets.

Commentary

Cautious Optimism: Shift Exposure, Stay Balanced

Despite inflation worries, fiscal deficit concerns, and continued geopolitical conflict, equity markets posted strong returns in May on the back of easing tariff tensions, lower probability of recession, and better than expected US Q1 earnings.

Commentary

Staying Resilient in Uncertain Markets

US markets struggled in the first half of April due to tariff-related worries. The second half saw rallies amid policy reversal.

Commentary

With New Risks Surfacing, How Should Investors Position Portfolios in 2025?

US equities were up notably in 2024, due to a strong economy, accelerating earnings growth, US election results, and AI/mega-cap strength.

Commentary

Valuations Have Richened, But Areas Outside of Large-Caps Remain Attractive

There are not many attractive opportunities in the US large-cap space. History suggests the market is overdue for a correction.

Commentary

Special Report: Astoria’s 10 ETFs for 2025

Astoria rounds up its 10 ETFs for 2025, providing unique thought leadership and actionable investment ideas.

Commentary

Market Broadens Amid China & Fed Policy Actions. Play the Rotation While Barbelling Your Portfolio

Market participation broadened beyond technology stocks during the third quarter.

Commentary

Fed Rate Cuts Give Higher Probability of the Great Rotation Occurring

Despite pullbacks and elevated volatility in the earlier days of the month, major equity indices were up in August.

Commentary

Not All Quality ETFs are Created Equal

This isn't the time in the cycle to take excessive risk. The easy money has already been made. Astoria's 2019 playbook is as follows: late cycle economic forces + desynchronized global growth + a deteriorating earnings cycle = the need for more defensive posturing across stocks and bonds.