Thought Leadership

The U.S. federal government shutdown has entered its second week, yet financial markets have largely taken the event in stride. Since the October 1 funding lapse, the …

Executive Summary Tariff volatility eased as key agreements took shape despite legal challenges. The U.S. economy proved resilient amid price pressures, though cracks began to appear in …

The FOMC’s September meeting came just a day short of the one-year anniversary of its last rate cut, a fitting backdrop to resume easing. The Committee’s decision …

Over the past several years, the Magnificent 7–Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – have risen to dominate equity markets. One of the defining traits …

Equity markets have staged a dramatic rally since their early April lows, leaving many investors with portfolio allocations meaningfully above target levels. The standard course of action …

  After eight consecutive years of underperformance by small-cap stocks relative to large caps, many investors are questioning when or even if this investment paradigm will shift. …

After eight consecutive years of underperformance relative to their large cap peers, some investors are questioning the utility of U.S. small cap equities for a diversified portfolio. …

Bob Dylan wrote his song at a time when society was grappling with deeper political and societal issues than the optimal allocation of investment portfolios. Investors today, …

The long-awaited “One Big Beautiful Bill Act” (OBBBA) has completed its long journey through Congress and was signed into law by the President last week. To meet …

Executive Summary Aggressive trade policy shifts and geopolitical tensions dominated headlines in Q2, but the U.S. economy remained remarkably resilient despite considerable uncertainty. The Federal Reserve held …