Are We in an AI Bubble, Boom, or Both?
Artificial intelligence has become one of the most powerful forces shaping markets in 2025, but its impact is not uniform across the investment universe. Rather than asking whether AI is a “bubble,” investors may be better served by considering where in the value chain to participate, how much risk to assume, and how to balance […]
Market Minutes November 2025
KEY MESSAGES FROM YOUR INVESTMENT TEAM Fueled by interest rate reductions, a strong start to the third-quarter earnings season, and sustained enthusiasm for AI-related investments, global markets trended positively throughout October. Naturally, these positive forces have been well-received. What was less expected was the muted reaction toward the longest U.S. government shutdown in history—although now […]
Year-End Financial Planning: Staying on Track of New Changes
December brings more than holiday schedules and budget meetings. The final weeks of the calendar year create a convergence of tax deadlines, contribution limits, and legislative changes that won’t exist again until next December. For 2025, that convergence includes something new: the One Big Beautiful Bill Act (OBBBA), which permanently extended many provisions of the […]
Market Outlook Q3 2025: Gold, AI Stocks, Rate Cuts
North American economies are beginning to lag, inflation has re-entered the conversation, and geopolitical flare-ups remain. Despite the headlines, global stock markets delivered another exceptional quarter as technology’s boom and lower interest rates preoccupied investors. The S&P 500 in particular recorded its best third quarter since 2020, marking a sharp rebound from April’s tariff-induced sell-off. […]
Market Minutes September 2025
KEY MESSAGES FROM YOUR INVESTMENT TEAM September rewarded investors with another exceptional month of equity returns. Many of the world’s leading stock indices marched higher despite what is historically a weak month of the year—a sound reminder that seasonal patterns shouldn’t be the basis for investment decisions. The Federal Reserve delivered its first interest rate […]
Retirement Planning: Roth, Traditional, Or Taxable Accounts?
“And there’s another important point in favor of tax diversification: control over your taxable income.” – Morningstar Saving for retirement is straightforward in theory: set money aside regularly, invest it wisely, and let compounding do the work. In practice, it’s more nuanced. The real challenge isn’t just how much you save—it’s where you save. 2025 […]
Special Report: The Fed’s First Rate Cut Of 2025
“When our goals are in tension like this our framework calls for us to balance both sides of our dual mandate.” —Jerome Powell The U.S. Federal Reserve (“Fed”) has, for the first time since December 2024, eased monetary policy. Markets largely anticipated a 25-basis-point (“bps”) reduction on September 17th, but reactions across asset classes have […]
Market Minutes August 2025: Fed Policy, economics, and AI Trends
KEY MESSAGES FROM YOUR INVESTMENT TEAM Upward equity trends extended into August, and this time around, fixed income markets went along for the ride. Both outcomes are certainly appreciated, but they come with caveats as well. Stock prices, for example, were propped up by generally positive earnings reports. The good news managed tocrowd out worries […]
Municipal Bond Markets Primed for Performance
“Municipal networks expand economic opportunities. We’ve got to open new doors, not slam them shut.” — Frank Lautenburg With heightened yields, attractive valuations, robust fundamentals, and supportive technical factors behind them, current market dynamics are making a compelling case for municipal bonds, otherwise known as munis. While tax-exempt income is always appreciated, conditions like these […]
How to Gain Financial Independence… and Maintain It
“Financial freedom is available to those who learn about it and work for it.” — Robert Kiyosaki Managing your personal finances is a lifelong journey, and there are sure to be ups and downs throughout. During each stage of life, those challenges and opportunities will probably look quite different from one another—financial independence isn’t about […]