Most Important Factors for 2023 Market activity was greatly influenced by macro factors last year and will continue into this year. We all are inclined to take up the art of soothsaying this time of year. We feel a certain kind of pressure to review the recently...

Damage Assessment & Recovery In preparing for this article, I was certainly thinking about the impacts from Hurricane Ian, but I was also pondering the recent market activity. This title clearly applies to both. First is the consideration of Ian’s devastation on...

Just when we were feeling a bit better about the prospects for the future, we were hit by the inflation reading above expectations. The release has solidified the consensus that the Fed is not done and that we will have at least another 75 basis points tightening. Why...

Turbid Waters Perhaps you are out on the water and cannot see the bottom clearly. It feels like we are encountering similar circumstances when considering the market. The bottom of the market is opaque, and we have a keen need to stay invested simultaneously. Equities...

Reality Check I do not believe that any financial professionals were even close to predicting the employment gain of 528,000 today. Also, the unemployment rate edged down to a very low 3.5%. There remains a very high level of job openings. Is this an economy that is...

Mid-year and Mid-term Pressures It has become especially clear that the mid-term implications are beginning to become more critical to what will unfold in the weeks ahead. The push for more reforms and more funding from the Democratic side of the Congress has largely...

Finding Positives in a Down Market Before we head out to the fireworks, I always find it helpful to take the step back and to reassess. No one is debating that it has been an incredibly challenging year for municipals. The outflows from the mutual funds have resumed...