The Year Behind, the Year Ahead»
January 26, 2026 –
For 2026, we remain cautious, or perhaps even apprehensive, about future returns given valuations and macro-level risks… but despite that, we remain fully invested, since it is rarely a good idea to bet against market sentiment.
Reversal of Fortune?»
October 13, 2025 –
Before the mid 1970s, very few US investors bought non-US securities. They were exotic and difficult to research and hard to buy.
Big and Beautiful?»
July 15, 2025 –
In the past 25 years, there has been a relentless drive toward lowering US tax rates. All of that is well and good…lower taxes and smaller government are generally associated with higher growth and a business-friendly environment. But it is also important to be able to pay your bills.
A Primer on Tariffs»
April 17, 2025 –
So far in 2025, the equity markets (and, to a significant extent, the US Treasury market) have been roiled by unexpected activity on the part of the new Administration. But…
Assessing the 2025 Investment Landscape»
January 10, 2025 –
Every year there are headline economic and political events that define financial market moves for posterity. Every year there are also headlines reflecting expectations of events that move markets in…
The Fed Finally Eases»
October 9, 2024 –
They finally did it. On September 18, in a move that had been anticipated for almost a year, the Federal Reserve Bank finally cut short term interest rates (by half…
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