Insights

What a difference six weeks makes! If this piece had been penned in the middle of February, the tone would have been much different. The S&P 500 reached a recent peak at 6,144 on February 19, 2025, only to fall approximately 10%, closing out the first quarter down 4.6% — its first negative quarter since 2022. Now, let’s put things into perspective. The market is down just 4.6% thus far in 2025 after back-to-back years of gains exceeding 25% in

In the 1990s, the Chicago Bulls achieved a remarkable feat, winning three straight NBA championships – twice.  During both “three-peats”, their third year was the toughest, yielding the fewest regular-season wins. Similarly, the U.S. stock market is coming off two consecutive gigantic years of returns, with the S&P 500 surging 26% in 2023 and another 25% in 2024. While we anticipate another positive year in 2025, we believe it will be the most challenging and lowest-returning year of this “three-peat”.

As we shake off the food coma induced by turkey, yams, and cranberries, we turn to the next round of holidays.  While our focus is likely – and should be – on the traditions of family get-togethers, gifts, and yes, more food, we should not lose sight of another important one: year-end tax planning.  As a brief reminder, here is the list of topics that may be on one’s year-end planning list: Navigating year-end tax planning can be complex. Our

Finally!! With the 2024 Presidential Election behind us we thought it was appropriate to discuss the outcome and what we will be doing strategically. While not a surprising outcome for the presidency, we were amazed at the magnitude of the victory for President Trump, the Senate flip to Republican, and what looks to be the outcome in the House of Representatives. As we previously shared, on average, divided government has historically yielded the best results for the S&P 500 during

The U.S. stock market continued its positive momentum in the 3rd quarter, with the S&P 500 gaining 5.4%, bringing its year-to-date gain to 22.0%. This marks five consecutive months of gains and 10 out of 11 for the broad index. In fact, the S&P 500 closed the quarter at an all-time high. Notably, during the quarter, U.S. small and medium-sized companies finally outperformed large, delivering returns of 8.9% and 8.7%, respectively, compared to the S&P 500’s 5.4%. This suggests that