Research & News
Asset Allocation Bi-Weekly – The Inflation Adjustment for Social Security Benefits in 2025 (October 28, 2024)
by the Asset Allocation Committee | PDF Even for dedicated, successful investors who have built up a substantial nest egg, Social Security retirement and disability investments can be an important part of their financial security. For many Americans, Social Security benefits may be the only significant source of income in advanced age. On average, Social… Read More »
Daily Comment (October 25, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is eagerly awaiting the latest University of Michigan survey data to assess consumer sentiment ahead of the election. In sports news, the New York Yankees are set to take on the Los Angeles Dodgers in the first game… Read More »
Daily Comment (October 24, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is currently processing new earnings data. In sports news, Barcelona convincingly defeated Bayern Munich in the Champions League this week. Today’s Comment will begin with our analysis of the latest Federal Reserve Beige Book. We will then share… Read More »
Daily Comment (October 23, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is eagerly awaiting the latest wave of earnings reports. In sports news, Real Madrid staged a remarkable comeback and defeated Borussia Dortmund 5-2 with five unanswered second-half goals. Today’s Comment will explore the market’s anticipation of a Republican… Read More »
Asset Allocation Quarterly (Fourth Quarter 2024)
by the Asset Allocation Committee | PDF Our three-year forecast includes balanced economic growth, albeit at a slower pace than recent experience, and inflation settling above the Fed’s target rate. The Fed is expected to continue easing at a measured pace over the next year. We initiated a position in long-duration, zero-coupon Treasurys as a… Read More »
Keller Quarterly (October 2024)
Letter to Investors | PDF “Will it play in Peoria?” That wonderfully alliterative question originated in the show business community. A show that might “knock ‘em dead” in New York might not be so popular in the rest of the country. We live in a big nation. While there is a commonality that binds us… Read More »
Daily Comment (October 22, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a preview of the big BRICS summit of emerging-market nations such as China, Russia, and Iran. Since the group includes key countries in China’s geopolitical bloc, we’ll be looking to see how much General Secretary Xi dominates… Read More »
Bi-Weekly Geopolitical Report – Israel’s Pager Caper and Supply Chain Security (October 21, 2024)
by Bill O’Grady and Patrick Fearon-Hernandez, CFA | PDF Can you trust your refrigerator? What if it could be weaponized against you, perhaps by being booby-trapped to explode, release poisonous gas, or just stop working on the command of some foreign enemy communicating with its computer chip? Just as important, if everyday products connected to… Read More »