PASSING THE BATON The stock and bond markets look ahead at least six months, discounting what investors think are the most likely outcomes for growth, inflation and other key inputs. So it is critical to differentiate between what is likely behind us, what is the current state of affairs, and how things will likely differ...

Our partner Goldman Sachs offers a great overview on ESG investing. Diversity. Climate change. Fair pay. These socially-minded topics (and more) have been on a lot of our minds lately. So it’s perhaps no wonder that they’re also coming up in investing, too. Sometimes referred to as “sustainable investing,” ESG investing is about pursuing profit...

BOTTLENECKS The long-anticipated jump in U.S. inflation appeared this month, and with a vengeance. Core consumer price inflation increased nearly 3%, double the prior rate, while the month-on-month increase of 0.9% was roughly triple expectations. Prices in reopening-related areas showed the greatest increase, with lodging up 7.5% and airfares up 10.2%. Of note, a 10%...

THE BASE EFFECT Investors are keenly focused on the risk of inflation, as higher bond yields would hurt both stocks and bonds. Over the last week, inflation data came in hotter than expected, yet both bonds and stocks rallied. It looks like our Stuckflation theme — that inflation will remain persistently low — passed its...

By John Bohan 3 Reasons to Consider a Trust.   Let’s talk about trusts. How does the concept work? And most importantly, what is the importance of hiring an objective third party? Below is a high-level summary of this legal vehicle, how it can be a favorable option for wealth transfer and why hiring a...