Quarterly Commentary
Real Estate
Why Real Estate Investors May Not Need as Many Bonds in Their Portfolio
A well-diversified real estate portfolio can shift the balance of how much risk a client needs to take in their investment accounts and how much liquidity they truly need.
Read moreGeopolitics Grabbed Headlines. Markets Had Other Plans.
Geopolitics matters, but it’s rarely the force that determines investment results. Last quarter put that idea to the test. The relentless pace of global headlines – tariffs, conflict in...
Read moreInvesting in Europe and in value stocks – or really anything not in U.S. tech – has felt like betting against the winners. Diversification is a recognition that winners change. Which is exactly...
Read moreQ4 2024 Commentary – The Case for Diversification Remains Strong
Big moves for the S&P 500 are not unusual. Stocks produce long-term averages through a two-step-forward-one-step-back rhythm. Likewise, this decade the S&P 500 has grown 14.5% per year, nearly 100%...
Read moreEvery bull market, a stock breaks into the Zeitgeist. A few years ago, it was Tesla. This bull market, it is Nvidia.
Read moreIn the throes of March 2020 and October 2022, no one foresaw an imminent bull market. Many obsessed over how much deeper stocks would plunge. Per the...
Read moreQ3 2023 Commentary – T-Bill and Chill?
The S&P 500 is up 12% this year, cash is paying 5%, and inflation has retreated under 4%. Investors must be feeling pretty good, right?
Read moreQ3 2023 Commentary – Summer is Over
This summer felt like a return to normal, a respite from years of nonstop abnormality.
Read moreDespite rampant recession-talk heading into 2023, the stock market has had a strong first half of the year. Pessimistic forecasters kept many investors on...
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