This honor underscores our dedication to delivering outstanding financial guidance and support to our clients.

For clients in higher tax brackets, understanding the relative value of municipal bonds, corporate bonds, Treasuries, and the broader fixed income market is essential.

It only takes one moment of overconfidence, distraction, or sloppiness to undo a lifetime of compounding. - Seth Klarman

The economic picture is complicated: growth has held up surprisingly well, inflation remains above target, and political developments are adding uncertainty. Rather than highlighting a single storyline, we believe it is more helpful to step back and consider the full set of forces that shape the outlook.

For investors, Powell’s Jackson Hole speech confirms that policy is at a turning point. The Fed seems more willing to counter the risk of a weakening labor market, even as it recognizes that inflation has not yet fully returned to target.

While the U.S. stock market rallies skyward, investors are taking on more risk. The dog days of August are here, but the players in politics and finance remain focused on the trends of inflation, jobs, and the Fed-funds rate.

While all President’s desire lower interest rates, keeping disagreements over monetary issues private has been the norm. This is not to imply that tension never existed.

Q2 brought a welcome mix of diminishing tariff tension, positive earnings surprises, resurgent AI enthusiasm, resilient consumer data, and a series of cooler-than-expected inflation prints

What began as a sharp sell-off driven by geopolitical tensions and policy uncertainty has since reversed course, with U.S. markets powering to fresh all-time highs.