April Recap: Rising Policy Uncertainty Leads to Increased Market Volatility
Monthly Market Summary Markets Rebound from an Early-Month Selloff as Trade Tensions Ease Stocks declined in early April after the White House unveiled sweeping tariffs, with the S&P 500 falling over -10% in the first week. However, after the administration paused tariffs and trade tensions eased, the S&P 500 rebounded to finish the month with […]
Economic Commentary – May 5, 2025
A recent meeting with a Pentagon officer yielded a phrase that he surely would be amused to see deployed to economic thinking: “Fog and Friction.” The conventional application of the term is to the battlefield, and refers to the difficulty of gathering relevant intelligence (fog) to build a strategy, accompanied by the challenge of tactical execution […]
Investment Commentary – May 5, 2025
Equities The S&P 500 returned +2.9% to complete a stunning rebound and recover all losses since “Liberation Day” (April 2). News of increased diplomacy with China on trade, and a jobs report that showed a labor market that is cooling but resilient, calmed markets. While the GDP report showed that the economy contracted in the […]
TCJA Extension and Congressional Tax Updates: What High-Net-Worth Taxpayers Should Know
Congressional Budget and Tax Update The proposed federal budget and its potential implications are currently a focal point in Washington. Ongoing discussions in Congress center on the future of the Tax Cuts and Jobs Act (TCJA), which is set to expire next year unless Congress acts to extend it. Republican lawmakers are considering whether to […]
When Should You Take Social Securtity?
May 6, 2025 For wealthy individuals and couples, Social Security might appear to be a smaller component of the overall wealth plan. However, overlooking its nuances could mean leaving value on the table long-term. Let’s discuss considerations for optimizing your Social Security benefits, ensuring this component of your retirement works hardest for you. Social Security […]
April 2025 Recap
The Economy Economic data in April continued to take a backseat to government policy. The second Trump administration’s agenda of increasing tariffs, restructuring the federal government through DOGE, and tightening immigration led to the most volatile market since the early days of COVID. Tariffs could eventually lead to higher prices for everyday items, and tighter […]
Client Testimonials – Avi Deutsch
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