2026 Q1 Market Letter: To Live in a Revisionist World
April 14, 2026 – The term “revisionist power” describes states dissatisfied with the existing world order and seeking to reshape the norms and institutions that govern it. These powers stand in contrast to the “status quo” powers — those seeking to maintain the existing world order. Since the end of the Cold War, the lines […]
Why Staying Invested Is the Hardest, Smartest Choice Right Now
As published in Kiplinger April 13, 2026 – Geopolitical headlines in the past few weeks have been jarring. As joint U.S. and Israeli air strikes on Iran dominate the global news cycle, it’s natural for a sense of anxiety to surface. There is a direct impact on energy markets, with oil prices surging and the […]
How Portfolio Architecture Becomes a Competitive Advantage
There is something unusual about the uncertainty investors face today. It is not the acute, sharp shock of a financial crisis that resolves through a quick “V-shaped” recovery. Instead, we are witnessing a structural reconfiguration – a fundamental shifting of the assumptions that have underpinned global commerce, capital flows, and monetary policy for forty years. […]
Five Charts for the Week That Was: April 6, 2026
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including payroll numbers, healthcare jobs, unemployment rates, mortgage rates, and credit card delinquency rates.
Market Update: Iran vs The World, Round 2
March 22, 2026 – How we got into this war is unclear to me, but some facts are known. Iran’s ballistic missile program was back into full swing and would soon have more long-range missiles than both the U.S. and Israel could ever protect against. While the rhetoric and kinetic action in June 2025 (The […]
Beyond the Noise Podcast – Episode 1
Listen to Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz as they analyze the economy and markets amidst current geopolitical tensions.
FOMC Commentary – March 18, 2026
The culmination of the March meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) was a decision to leave the target range for the Fed Funds rate unchanged at 3.5%-3.75%.
Market Note: What the War in Iran and the Latest Job Report Mean for Investors
March 10, 2026 – As the war between the U.S., Israel, and Iran enters its second week, the hope for a short, Venezuela-style campaign is fading. Iran’s reported choice of Mojtaba Khamenei, the son of Ali Khamenei, as its next supreme leader suggests that a mood of defiance persists in Tehran. With no popular uprising […]
Five Charts for the Week That Was: March 6, 2026
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including oil, natural gas, and payrolls.
Market Update: Iran vs The World
March 6, 2026 – Below are some of my preliminary thoughts on the situation in the Middle East. We will be hosting a mid-quarter Live Market Update on Friday, March 13th. While this is a regularly scheduled discussion, we will focus on the war, its impact on the markets, and the prospects for the Middle East […]
February 2026 Recap
The Economy While recent headlines have leaned toward sensationalism regarding AI’s disruption of the labor market, we view the integration of artificial intelligence as a secular tailwind for long-term productivity growth and therefore the economy. Concurrently, high-profile layoffs often dominate the financial press but remain statistically marginal within a robust workforce of 160 million. Furthermore, […]
Five Charts for the Week That Was: February 20, 2026
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including GDP, Personal Income, Federal Budget, and Commercial Mortgage Backed Securities.