Commentary

Our only viable national exit strategy is to generate meaningful new economic growth fueled by innovation, investment and productive enterprise.

Major investment trends and guidance for navigating the road ahead.

Why the best laid plans of mice, men and financial advisors often go awry.

For all the talk of “green shoots,” it is easy to lose sight of the forest.

Many investors are exhibiting the classic five stages of grief in dealing with their portfolios.

Things seem to be getting “less worse” than they used to be. But when is “less worse” no longer good enough?

This is not a typical economic downturn and it is highly unlikely that the outcome will follow any conventional playbook.

Expectations have, once again, gotten ahead of reality. We proceed with cash and caution.

We see significantly more economic challenges to come in the coming months and are maintaining a substantial allocation to cash in client portfolios.

We expect extraordinary challenges for the economy and the investment markets to continue; these conditions may also create some extraordinary investment opportunities for those with cash and patience.