Global Economic & Market Commentary — March 2021

Summary In the US, passage of a $1.9T stimulus package should provide a bottom up growth boost, and vaccine deployment has boosted optimism around a…

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Global Economic & Market Commentary — December 2020

Summary The passage of the December stimulus package and clarity around the vaccine timeline has renewed optimism for growth in 2021. Signs of long-term…

Black Friday Sales in the Capital Markets

By Erich M. Hickey, CFA® Everyone enjoys the satisfaction of getting a good deal or taking advantage of a sale. At this time of year, we are bombarded…

The Fallacy of the Preference for Income in Portfolios

By Joseph Zaccardi, CFA The most challenging part of providing financial guidance to families and institutions is overcoming educational hurdles to…

Global Economic & Market Commentary – Third Quarter 2020

Summary The magnitude of the recovery has surprised to the upside, especially in the US. Business survey, consumption and housing data strengthened…

Risk Management in the Age of Uncertainty

by Erich M. Hickey In the 1600s, merchant ships faced enormous uncertainty while delivering cargo throughout the world. Rough weather, pirates, foreign…

Yields are near 0%. Why should I own bonds?

By Erich M. Hickey, CFA® and Terrance Rebello, CFA® and CIPM™ Since 1981, when the 10-year U.S. Treasury yield peaked at over 15%, investors have…

Thinking Clearly in a Crisis: a Discussion on Making Good Family Business Decisions in a Stressful Environment

How bias affected our decisions during the pandemic By Joseph Zaccardi The COVID-19 pandemic unleashed an avalanche of uncertainty and emotions for…

Global Economic & Market Commentary — Second Quarter 2020

Summary Historic coordinated global central bank easing and fiscal stimulus boosted equity markets and stabilized credit markets in the second quarter…

Global Economic & Market Commentary — Spring 2020

Summary: Global equity markets recovered in April boosted by the Federal Reserve’s unlimited QE announcements and public optimism about the path of…