Investment Strategy
Political noise continued to dominate headlines in May
Markets & Investing June 02, 2025 Tariff policies and tax and spending legislation provided plenty of fodder for markets to digest. May was a pivotal month for markets, shaped by two forces: Tariff policy and tax and spending legislation. On the trade front, investor uncertainty eased for a short time as President Donald Trump’s “Liberation […]
The long-term outlook for tariffs remains unclear
Markets & Investing May 30, 2025 Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways While the legal process plays out, current tariffs remain in place The long-term outlook for tariffs remains unclear We are maintaining our key forecasts until visibility improves The trade war saga entered a new phase this week. President […]
Summer market signals: tariffs, tax cuts and Treasury yields
Markets & Investing May 23, 2025 Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways Economic headwinds from trade policies are still ahead Tax cuts not likely to fully offset the impact from tariffs Treasury yields are moving into the danger zone for equities Sell in May and Go Away? This old market saying tends to […]
The big beautiful bill: Stimulus now, tightening later
Economy & Policy May 23, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. While official estimates remain fluid and subject to change, our preliminary analysis at the time of this writing suggests that the House Reconciliation Proposal could significantly increase the national debt over the next decade. In addition to the continuation and […]