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Wealth Planning Commentary – May 5, 2025

Congressional Budget and Tax Update The proposed federal budget and its potential implications are currently a focal point in Washington. Ongoing discussions in Congress center on the future of the

Investment Commentary – May 5, 2025

Equities The S&P 500 returned +2.9% to complete a stunning rebound and recover all losses since “Liberation Day” (April 2). News of increased diplomacy with China on trade, and a

Economic Commentary – May 5, 2025

A recent meeting with a Pentagon officer yielded a phrase that he surely would be amused to see deployed to economic thinking: “Fog and Friction.” The conventional application of the

Wealth Planning Commentary – April 28, 2025

Creating Peace of Mind During Volatility The markets feel relatively calm compared to early April, and it is easy to become complacent. However, it remains more likely than not that

Investment Commentary – April 28, 2025

Executive Summary The “soft” negative survey data has yet to show up in the “hard” economic data. The U.S. Market preliminary manufacturing PMI came in above estimates at 50.7. The

Economic Commentary – April 28, 2025

This is a good week to let the data — there will be a lot of it— do the driving. And it is likely to be something of a joy

Wealth Planning Commentary – April 21, 2025

Seeking Stability with Annuities Amid this year’s market volatility, certain high-net-worth individuals and families who have historically been comfortable with risk are shifting their behavior. Some are now expressing increased

Investment Commentary – April 21, 2025

Executive Summary Last week was another round of “headline roulette” where Trump claimed a trade deal with the EU was imminent (though he provided no details or timeline); Trump was