Spotlight Shifts – April 9, 2025
Good morning, As promised, President Trump’s reciprocal tariffs have gone into effect. And in a bit of a script reversal from recent weeks, volatility and near-panic selling, reserved for the stock market lately, are thriving in the Treasury market this morning. Yield curves have steepened dramatically as most of the selling has been in longer […]
Wealth Planning Opportunities in a Market Downturn: Risks and Strategies
Downturn Wealth Planning Threats and Opportunities The market is in a correction and flirting with bear market territory. Given this environment, assessing potential risks and taking advantage of planning opportunities is important. Start by reviewing loan-to-asset ratios where portfolios are pledged against lines of credit. A $1 million pledged asset line against a $2 million […]
Investment Commentary – April 7, 2025
Executive Summary Corporates and consumers have become more conservative recently based on recent data, which has yet to reflect the full impact of the recent Tariff Tax Turmoil. The good news is that we have a largely domestic, services-oriented economy, and while tariffs are disruptive in the short-term, the impact can be contained if the […]
Economic Commentary – April 7, 2025
The odds that the US economy will fall into a recession in 2025 have increased. Some forecasters now put the probability at 60%-70%, which would seem to establish a recession as the base case forecast; I do not understand how it cannot. Yet few forecasters are saying that they expect a recession this year — yet. […]