The Economy’s Return to Normal
Key Takeaways: Economic data indicates a return to pre-pandemic levels of activity A tight labor market has contributed to some wage inflation Inflation, wages/jobs, supply chain issues will continue to be areas of interest As kids return to school, summer trips come to an end, and everyone starts to eye the holidays, investors and […]
Portfolio Rebalancing
Below are our key conclusions when considering rebalancing as part of an overall investment management: At the beginning of most of our relationships people rightfully ask “how do you manage our investments?” In response, we try to provide an in-depth discussion of our philosophies and our beliefs about best practices in portfolio management. While much […]
Politics Are About to Get Loud. Should Investors Listen?
If you scroll through social media or have turned on the news lately, you may have noticed that a lot more politicians are talking. With the 2026 midterm elections now just over two months away, Washington is becoming increasingly active. Candidates are campaigning, big money is being spent on political ads, and issues ranging from […]
Understanding Private Equity: Opportunities and Considerations
Understanding Private Equity: Opportunities and Considerations For many physicians, private equity has become part of everyday conversation, whether through a practice acquisition, a colleague’s group merging into a larger platform, or an investment opportunity presented as a way to diversify beyond stocks and bonds. But what private equity actually offers, and what it demands in […]
Federal Reserve Leaves Rates Unchanged
Last week, the Federal Reserve voted to leave the federal funds rate unchanged at 3.75%, where it has remained throughout 2026. While the broader trend since early 2024 has been toward lower interest rates, recent inflation data has led many members of the Federal Open Market Committee to take a more cautious approach before implementing […]
A Tale of Two Chairs
If you tuned in to the most recent Federal Open Market Committee (FOMC) press conference in June, you may have noticed the grey-haired man with his customary purple tie did not step up to the podium as he has for the last eight years. Jerome Powell’s term as Chair of the Federal Reserve ended on […]
Upcoming Mega-IPOs: SpaceX, Anthropic, and OpenAI – Index Inclusion and Investor Implications
Upcoming Mega-IPOs: SpaceX, Anthropic, and OpenAI – Index Inclusion and Investor Implications SpaceX had its IPO last week. Anthropic (maker of Claude) has filed for as early as October, and OpenAI (maker of ChatGPT) is preparing a filing targeting Q4 2026. These companies carry enormous valuations. SpaceX is already valued at approximately $2.2 trillion […]
A Narrow Strait, A Wide Impact
With war now underway involving Iran, investors are understandably asking what matters most and what simply makes headlines. While attention naturally gravitates toward military developments, markets are focused on something far more practical: the Strait of Hormuz. This narrow passage connecting the Persian Gulf to global shipping routes carries roughly one-fifth of the world’s oil supply […]
How Should Investors View AI?
As financial planners and investment managers, it is imperative to recognize that artificial intelligence (AI) is poised to be one of the most transformative forces in the global economy over the next 5 to 10 years. According to Goldman Sachs, AI investment is projected to approach $200 billion globally by 2025, underscoring its rapid […]
Two Ways to Combat Household Inflation
Inflation is not a one-size-fits-all all phenomenon Inflation is the increase in prices over time Increasing prices means decreasing purchasing power How we choose to spend our money dictates how we experience inflation Inflation has been top of mind for every participant in our economy for three years straight: households, businesses, and policymakers. Inflation […]
The End of an Era – What We are Watching For in ‘24
For many years until the last, investors had been living under the same mantra of “There Is No Alternative” (TINA) to owning equities, helping prop up stock prices as yields on fixed income were too paltry to bother with. Times have changed; TINA ushered out and TARA welcomed in. Positive real rates are achievable, meaning […]
Asset Allocation Factors: Time and Emotion
When we meet with a new client, one of our tasks is to determine an appropriate asset allocation for the funds they invest. At a very basic level, the question we are trying to answer is “what percentage of the investment portfolio will be comprised of equities (stocks), and what percentage will be fixed-income (bonds)?” […]