Market Minutes, June 2026
While geopolitical uncertainty continues in the Middle East and high energy prices have dampened the economic outlook, near-record earnings growth was May’s defining feature. Led by the technology sector, equities drew applause while bonds did the more honest accounting. In our view, bond markets are being more forthright about latent and emerging risks. Equities, by […]
The Horizontal Wealth Transfer: Money Flows Sideways First
The $54 trillion horizontal wealth transfer is coming for your family. Here’s what most couples aren’t doing to prepare. Everyone has heard of the Great Wealth Transfer. According to Cerulli Associates, an estimated $124 trillion in assets will change hands by 2048 as the Boomer generation passes its wealth to the next. It’s a staggering […]
Strait to the Point: Oil, Supply Chains, & Global Markets
The Strait of Hormuz has been effectively closed for a month—the first time in modern history. Its impact on markets has been broad, its resolution remains uncertain, and the range of possible outcomes is unusually wide. Through our Needs, Means, & Seams framework, we examine what this situation means for clients and why proactive diversification […]
Strait of Hormuz, Inflation, and the April Rebound: A Portfolio Perspective
What the Rally Means—and What It Doesn’t Despite a still-shuttered Strait of Hormuz causing a snag in global commodity trade, equity markets staged an impressive rebound in April. The nations at war are technically bound by a ceasefire at the time of writing. But that agreement is fragile at best; progressing toward peace and backsliding […]
Market Minutes: Iran, Energy, & Market Divergence
Key Messages From Your Investment Team The past few weeks have been particularly eventful, with many headlines seemingly at odds with one another. As investors are buffeted by crosswinds, some market segments have fared better than others. Global equities trended higher overall, yet the S&P 500 declined in February. The U.S. shed 92,000 jobs in […]
Special Report: Supreme Court Tariff Rulings
Written by Joshua Prince The Supreme Court’s decision & market reaction Unilaterally imposed tariffs under the International Emergency Economic Powers Act (IEEPA) were struck down in a 6-3 decision written by Chief Justice John Roberts, finding that the 1977 law does not authorize a president to unilaterally set trade policy of this scope. Equity markets […]
Market Minutes February 2026
KEY MESSAGES FROM YOUR INVESTMENT TEAM Markets have started the year on a high note, with both equities and credit securities delivering positive returns. Impressive fourth-quarter earnings, potentially lower interest rates in the United States, abundant liquidity, capital parked in money market funds—investors have focused their attention here, overlooking geopolitical flashpoints for the time being. […]
How Much Is Enough After You Sell Your Business?
You spent decades putting money into your business. On closing day, the money comes back out. The question is whether it arrives with a plan, or just a balance—thankfully, how you approach this liquidity event can determine the answer and strengthen your overall wealth plan. How liquidity events are showing up now Global dealmaking has […]
Quarterly Insights Pt. 4: The Path Forward Q4 2025
After three consecutive years of double-digit returns, investors will rightfully be asking about the chances of a “four-peat.” History offers some precedent—domestic equities posted a nine-year winning streak during the technology boom and later registered eight successive years of growth following the Great Financial Crisis of 2009—but the odds of another year of such gains […]
Quarterly Insights Pt. 3: Fixed Income Q4 2025
With the Bank of Japan standing out as a notable exception, most central banks lowered short‑term interest rates in 2025. Tension between a slowing labor market and stubborn inflation has made each decision harder to calibrate for the U.S. Federal Reserve, however, and fixed income markets have taken notice. Far from unanimous, the year-end interest […]