Small cap performance has been pretty quiet in the last several quarters. In this month’s edition of Markets in 2 Minutes, Chris Maxey of our investment team explains why.
In this letter: We take a break from the U.S. to focus on markets overseas by looking at a dated jigsaw puzzle. A discussion of how some rules of thumb need to adjust with changing market composition. China, and how it may not fit several emerging market prerequisites (growth and demographics). Europe and Japan are changing, just very slowly. A few notes on the debt ceiling and inflation. In my experience, kids love a geography puzzle. Give them a jigsaw of the U.S. and it will not take long for them to point to Florida, where the alligators live, Arizona,…
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On September 13, the House of Representatives Ways and Means Committee released a set of proposals as part of a $3.5 trillion spending and tax bill that Democrats hope to pass in the fall. If passed, the legislation would advance many of President Biden’s economic and social policies. Many of the details will likely change as the bill makes its way through a series of deliberations and votes. But the initial draft provides a good deal of insight about what we can expect. Below is a summary of the proposed changes and some key take-aways for clients: Income and Investments Increases the top individual tax bracket to…
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Last week, President Biden announced an executive order aimed at accelerating the country’s path out of the pandemic. There are three elements in the “Protecting Our Economic Recovery” portion of the plan, each of which is expected to be fleshed out more in the future. The most notable change is an increase in the maximum amount of funding small businesses can borrow through the COVID Economic Injury Disaster Loan (EIDL) program, from $500,000 to $2 million. This program provides long-term loans from the Small Business Administration at low interest rates – 3.75% fixed for businesses; 2.75% for private nonprofits –…
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“Don’t fear rising rates.” In this month’s edition of Markets in 2 Minutes, Dmitriy Katsnelson of our investment team provides insights around the manageability of $30 trillion in debt and the impact of rising interest rates on equity markets.
What’s going on in China right now? In this month’s edition of Markets in 2 Minutes, Chris Maxey of our investment team explores some recent headlines and what they mean for current markets trends.
Following a quarter of relative "normalization," our team talks inflation, earnings, equities, and more in our 2021 mid-year market recap and outlook. Wealthspire Advisors LLC is a registered investment adviser and subsidiary company of NFP Corp. This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied upon for accounting, legal, or tax advice. While the information is deemed reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness, or suitability for any purpose, and…
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What is Impact Investing? Impact investing is the process of aligning various preferred values with the generation of financial returns. There are a number of ways investors choose to approach impact investing, all largely dependent on what values investors choose to align with. While the most commonly understood use of impact investing is an emphasis on support for environmentally-friendly investments, other themes include: Negative investment screens to avoid companies conflicting with an investor’s personal values, such as companies that use harmful labor practices Incorporation of shareholder engagement that allows investors more of a say in how companies are run Integration…
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