By Eric Parnell “Team by team reporters, baffled, trumped, tethered, cropped Look at that low playing, fine, then” –It’s the End of the World as We Know It (and I Feel Fine), R.E.M., 1987 Coming in a hurry with the Furies breathing down your neck. Last week, I submitted an article discussing the potentially overlooked downside risks confronting investors as …
By Eric Parnell “Trouble, Trouble, trouble, trouble, trouble, Trouble been doggin’ my soul Since the day I was born Worry, Worry, worry, worry, worry, Worry just will not seem to leave, My mind alone” –Trouble, Ray LaMontagne, 2003 Trouble is building on the horizon for capital markets. Now I should preface everything that comes after with the following caveats. The …
By Evan Coffey It’s worth asking what a good quarter is actually worth right now when assessing the AI trade. Nvidia reported earnings that handily beat expectations, results strong enough to make technology the only S&P 500 sector to close higher that day, up 3.16%. By that measure, a good quarter still moves markets. But that strength hasn’t been showing …
This past weekend, I checked something off my golf bucket list: attending my first professional golf tournament. I went to the 2026 FM Championship at TPC Boston with my brother, who had passes to one of the hospitality tents and invited me along. It was also my first time at TPC Boston, and seeing the course in person did not …
By Evan Coffey & Kate Templeton When financial markets misbehave, policymakers tend to take action. That reflex has played out twice over the last month, once in currencies and once in fixed income. Both times the response looked decisive. Both times, too, markets rallied briefly on the news before giving much of it back within days, or in the bond market’s …
By Eric Parnell “Your friend is heavy, But he was ready And never stopped for a while, And while you were sleeping, He went on keeping the final line in his mind. It’s all right, it’s all right, it’s all right” –Tortoise and the Hare, The Moody Blues, 1970 The hare attracts all of the attention. Swift, fast, nimble, agile, and …
There are certain topics in life that deserve thoughtful, serious discussion. Politics, the economy, Taylor Swift’s wedding to what’s-his-name, retirement planning—and, obviously, hamburgers. Many of you know I grew up on the East Coast but had the good fortune to live in San Diego for 10 years during the 1990s. These days, I’m back in San Diego fairly often, giving …
By Eric Hough In my best Steve Harvey voice: “We surveyed two hundred advisors on the optimal 2026 portfolio allocation for high-net-worth clients, and the top answer is on the board” Survey Says: There is no number one answer! There is no consensus and no single model dominates! Ok, I confess, I didn’t poll any advisors. However, there has been …
“I know times are changing, It’s time we reach out for something new, That means you, too, You say you want to be a leader, But you say you can’t seem to make up your mind, I think you better close it, And let me guide you to the purple rain” – Purple Rain, Prince and the Revolution, 1984 The U.S. stock market remains on fire. After what …
By Evan Coffey & Kate Templeton A rocket company became one of the most valuable businesses on Earth in a single afternoon in June. Five weeks later, its stock traded below where it started. The technology underneath it, the part that took a decade to build, hadn’t changed at all in that stretch. Only the price had. That gap, between how …
