One Big Beautiful Bill Act Signed: First Look at Key Tax Provisions for Wealthy Investors
The OBBBA Has Landed: First Look at Key Tax Provisions Last week, President Trump signed the “One Big Beautiful Bill” (OBBBA) into law. The new mega bill permanently extends important provisions from the 2017 Tax Cuts and Jobs Act (TCJA), including today’s lower individual income tax rates and higher standard deduction. Notably, the estate and […]
Investment Commentary – July 7, 2025
Executive Summary Major U.S. stock indexes finished the holiday-shortened week higher. Smaller-cap indexes performed best, with the S&P MidCap 400 and Russell 2000 indexes climbing 2.85% and 3.52%, respectively, followed by the Dow Jones Industrial Average, which advanced 2.30%. The S&P 500 Index and Nasdaq Composite both closed at all-time highs for the second week […]
Tariffs Back In The Spotlight – July 7, 2025
Good morning, I hope you had a relaxing holiday weekend—at least as good as it was for global equity markets heading into the break. The S&P 500 and Nasdaq closed at fresh all-time highs, driven by bullish momentum (FOMO), a better-than-expected monthly jobs report (despite murky details beneath the headline), and a trade agreement between […]
Economic Commentary – July 7, 2025
And just like that, it’s back to tariff turmoil. It would seem, however, that the shock of (saber-rattling?) threats to impose massive tariff increases by either July 9 — the old deadline — or a potentially new deadline of August 1, is greater for some US trading partners than it is for US-based companies. This […]