Quarterly Market Calls

2026

October Market Call: 10.27.2026
U.S. stocks posted a modest 2.3% gain for the third quarter. Fixed income markets had a tougher quarter, with a broad-based sell-off driven primarily by persistent inflation concerns as stalled ceasefire negotiations kept oil prices and energy costs elevated. Ashurst Perkins Coie Trust Company (APCTC) shares thoughts on the quarter, corporate earnings data, and our outlook for the balance of the year.

July Market Call: 07.30.2026
After a negative first quarter, U.S. stocks rebounded, leaving the S&P 500 up 15.2% for the second quarter and 10.2% for the first half of the year. We share our perspective on the economy and markets.

April Market Call: 04.28.2026
The first quarter of 2026 proved tumultuous as U.S. stocks were down over 4% and oil prices soared. Despite heightened market volatility, the economy saw a cautious expansion. Ashurst Perkins Coie Trust Company (APCTC) shares thoughts on key market themes including geopolitics and AI, and what the rest of 2026 might have in store.

January Market Call: 01.27.2026
U.S. stocks rose 17.86% while international markets outperformed for the first time in over a decade as the Fed balanced inflation below 3% and unemployment above 4%. Ashurst Perkins Coie Trust Company (APCTC) shares thoughts on the quarter, and what the year might hold

2025

October Market Call: 10.28.2025
U.S. stocks rallied again during the third quarter of 2025, reaching new all-time highs despite a looming government shutdown, slowing job growth, and falling sentiment. Ashurst Perkins Coie Trust Company (APCTC) shares thoughts on the quarter, corporate earnings data, and our outlook for the balance of the year.

July Market Call: 07.23.2025
U.S. stock markets rallied in the second quarter after plunging in the days following the tariffs announcement. Tariff negotiations and policy clarity have restored consumer sentiment for the first time this year. Ashurst Perkins Coie Trust Company discusses the tariffs and their potential impacts on the markets and economy.

April Market Call: 04.23.2025
With higher and farther-reaching tariffs than expected paired with an unclear policy outlook, the stock and bond markets have seen increased volatility. Ashurst Perkins Coie Trust Company (APCTC) discusses the tariffs and their potential impacts on the markets and economy.

January Market Call: 01.28.2025
The last quarter of 2024 was volatile for markets as both winners and losers reacted to the November election. The promise of lower taxes and a lenient regulatory environment favored U.S. stocks, but bonds fell sharply in anticipation of inflationary tariffs and labor tightening. Ashurst Perkins Coie Trust Company (APCTC) shares its perspective on fourth-quarter corporate earnings data and provides our thoughts about what is on the horizon for the year ahead.