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March 17, 2025
In our most recent blog, Trouble With a Capital T, we discussed the possibility that proposed tariffs, if implemented, could create trouble for the economy, and by extension, financial markets. Well, we didn’t have to wait long as President Trump went through with his promise to impose tariffs on...
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February 25, 2025
One of my favorite memories is of our high school senior play, The Music Man (photographed here in 1975) which was an adaptation of the original 1957 Broadway musical written by the brilliant Meredith Wilson, who also wrote the music, lyrics, and the book on which it was based. Anyone who has seen...
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January 7, 2025
Equities delivered unexpectedly robust returns in 2024, producing the best two-year performance in over twenty years. The year began focused on if, when, and how much the Federal Reserve would lower interest rates in its much-welcomed policy pivot and the associated impact on the economy and...
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December 9, 2024
For decades, investment professionals have advised their clients to embrace the practice of diversifying their investment portfolios. It’s a philosophy of not putting too many eggs in one basket, lest something happen to that basket. It’s also a belief in having exposure to all areas of the economy...
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October 25, 2024
The United States’ budget deficit was $1.8 trillion during fiscal year 2024, which ended in September, making it the largest deficit outside the Covid era, and an increase of 8% over 2023’s deficit. Interest payments on our national debt hit $1.1 trillion for the first time, a 29% increase due to...
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October 2, 2024
The Federal Reserve finally pulled its monetary trigger, dropping the fed funds rate by an aggressive 0.50% on September 18th, bringing its current target range to 4.75% - 5.00%. In its policy statement, the FOMC (Federal Open Market Committee) said that its decision was the result of progress on...