October 15 2025 Stock Prices Tend to Move in Line with Earnings Dear Friend: The U.S. equity market performed well from its low in April, raising questions about whether we are approaching exuberant levels. There are fundamental reasons supporting the market’s strength, particularly strong corporate results. Revenue for all companies in the S&P 500 Index grew +5% year-over-year (yoy) .... Continue Reading

Thinking about retirement? Whether you're planning to stay in the Netherlands, return to the U.S., or settle somewhere new, it’s never too early (or too late) to get your financial strategy right. The Amsterdam American Business Club, along with her sponsors, BNC Tax & Accounting B.V. and  Noesis Capital Management hosted a special tax & retirement strategies panel discussion event at the historic .... Continue Reading

July 25 2025 Learning from the Past, Building for the Future Dear Friend: This fall, Noesis turns 30. It is a moment that invites both reflection and celebration — not only for what we have achieved as a firm, but also for the lasting relationships that have shaped our journey. When Noesis was founded in 1995, we had a .... Continue Reading

April 15 2025 Learning, Adapting and Sharing in the AI Era Dear Friend: Many might expect this quarter’s newsletter to discuss tariffs, wars, and market correction. Although the recent tariff announcements are concerning, we are carefully evaluating the implications and analyzing how we can turn uncertainty into opportunity. As we have often said, volatility is our friend. Our focus .... Continue Reading

15 January 2025 Focus on Fundamentals Instead of Forecasting the Future Dear friend: As we close the books on 2024, it is a good time to reflect on the past year and carry key lessons into 2025. The end of each year often brings an influx of market predictions from Wall Street analysts and economists. While these forecasts can sound interesting, the .... Continue Reading