As we reflect on 2025, we are reminded just how dynamic the financial landscape continues to be. This past year brought meaningful changes for Americans, including another strong year in equity and fixed income markets, and important legislative developments that may impact long-term planning decisions. Through it all, our focus has remained the same: [...]
As we entered 2024, we anticipated economic normalization and a shift from monetary tightening to easing. We also emphasized the strong fundamentals of the "Magnificent Seven" (today’s dominant seven stocks) and the long-term benefits of Artificial Intelligence (AI). The stock market, particularly the Magnificent Seven and companies associated with AI, had strong positive returns in [...]
The S&P 500 closed 2022 down 18%, in sharp contrast to some very favorable market returns in prior years. At the close of 2021, the S&P 500 was up an astounding 26% annually, or 100% cumulatively, over the last three calendar years (2019, 2020, and 2021). While these returns were celebrated, they were then followed [...]
In the early 1970’s, China and the United States seemed like an unlikely match. No formal communication or diplomatic ties had existed for 25 years. Henry Kissinger laid the groundwork for formal ties with a series of secret meetings in 1971. Richard Nixon then formally ended the public silence with a historic visit to China [...]
