The Magic of Bonds
Bonds can play many roles in individual and institutional portfolios; we value them primarily for improving stability and – perhaps less intuitively – as a tool to enhance future growth.
The Real Estate Conundrum
Historically, real estate has been a reliable hedge against inflation. Whether it makes sense to invest in real estate right now is unclear; coronavirus has clouded that picture in unusual ways.
Space Race 2.0
This pursuit of technological leadership, and the pedestal for economic and ideological influence that accompanies it, drove overwhelming investment into research and development in the first space race.
Fear, Patience, and Persistence
There is debate over how to manage economic reopening. The real culprit is the virus itself.
Building Back Better
Q2 2020 Market Commentary
We observe the shock of the initial coronavirus crisis evolving into energy for creative economic recovery.
Public Health vs. The Economy
A commitment of citizens to protect themselves and one another by wearing masks will also support economic growth.
Recalibrating Expectations
A partial economic reopening led many to believe that a path to normalcy was coming. For the global travel and tourism industry, normalcy is a long way off.
Table for Two, Six Feet Apart
The restaurant industry demonstrates the tension between economic recovery and public health concerns.
Bullish on Volatility
More volatility is expected, both on the upside and downside and history shows us that the market is resilient.
Progress Isn’t Always Linear
US stocks continued their upward trend against a backdrop of historic unemployment claims, an unsolved virus, and broad protests.
Priced for Perfection
What is behind the dramatic disconnect between equity prices and current headlines?
A Tale of Two Economies
Vacillation between extremes isn’t a new phenomenon in investing. It's a tale of two economies where positive and negative indicators are at play simultaneously.
An Uncertain Journey
The path forward for economic activity is fraught with uncertainty but it will yield new opportunities for work, and a new landscape for our future.
Oz, Omaha & The Way Forward
Re-opening the economy is important, but it does not mean a return to a past version of normal. Economic recovery will require systemic change.
When Tomorrow Looks Different Than Yesterday
Looking at the past, present, and future will help us piece together a picture of the economic path we are likely to experience in the coming months, years, and decades.
Reading the Oil Leaves
Oil prices took center stage with prices hitting an all-time low. What could a post-oil future look like? In Friday Reflections we consider whether there might be a silver lining in today’s topsy-turvy market.
Rediscovering Value
Investors need to have clear data in order to make decisions about value, but simply don’t have enough right now.
One Step Forward
Are we out of the woods yet? While we remain thoroughly optimistic about the longer term, we continue to counsel patience and careful and incremental action in portfolios as the markets are likely to remain volatile.
The Many-Minded Market
Q1 2020 Market Commentary
Our world is moving at breakneck speed as we ramp up the production of essential items, medical equipment, and vaccines to tackle the current health crisis. The financial markets fluctuate like a roller-coaster in time with the news cycle as they try to respond to each new development.
A Trillion Here, a Trillion There
We reflect on being strengthened as a community as we reach out to support others. This week, we share our insight into what a $2.1 trillion stimulus package will do to support our economy and this collective moment in time.