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 […]
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 […]
Quarterly Insights Pt. 2: Global Equities Q4 2025
Wall Street has an adage that stocks must “climb a wall of worry,” and 2025 was a tall one. Trade policy, AI profitability, a government shutdown, and geopolitical flashpoints dampened sentiment, yet global stock markets still delivered double‑digit returns. Timing the market is no easy task. Global equities were fueled by tariff rates that proved […]
Quarterly Insights Pt. 1: Market Stories Q4 2025
North American equities capped off a third consecutive year of double-digit returns, while U.S. bonds delivered one of their strongest performances in recent memory. Trade tensions simmered throughout the year, recession fears lingered, and geopolitical conflicts persisted. Despite these headwinds—or perhaps investors learned to look past them—markets climbed steadily higher. The North American economy surprised […]
Market Minutes December 2025
KEY MESSAGES FROM YOUR INVESTMENT TEAM Compared to where they began the month, many global stock markets showed little change as November drew to a close. This perceived indifference has papered over pronounced day-to-day volatility, as equities fell in the first half only to regain lost ground in the second. The circumstances serve as a […]