Oil Spikes, Interest Rates Shift Higher, Equities Mixed Throughout Q3 2026, rebounding energy prices and higher interest rates pressured broader financial markets. The escalating conflict in Iran drove increases across crude and refined fuels, raising concerns that these input costs could contribute to additional inflation, negatively impacting consumers and businesses. Faced with renewed inflationary pressures,
Investment Market Update – Q3 2026 Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q3 2026 Read More »
SUMMARY The global economic and corporate environment has remained resilient since my June 8th Outlook & Positioning piece. Strong investor sentiment drove equity markets higher, propelling the S&P 500 to a record peak above 7800 in August and extending its year-to-date gains to over 13% through the end of August. S&P 500 Index Corporate earnings
Investment Outlook & Positioning – September 8, 2026 Read More »
During a recent trip to New York City for an investment event, I got an insider’s look at the New York Stock Exchange and even landed a TV “appearance” on CNBC’s Closing Bell!
Eric Kulwicki at the New York Stock Exchange Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q2 2026 Read More »
Equities and Bonds Rally, Oil Declines in Q2 In the second quarter, global equity and credit markets rebounded from first-quarter weakness as the U.S.-Iran conflict transitioned into a series of intermittent ceasefires and ongoing attempts at de-escalation. President Trump’s initial ceasefire announcement on April 7sparked a risk-on environment that persisted throughout the quarter. In Q2,
Market Update – Q2 2026 Read More »
SUMMARY Since my last Outlook and Positioning piece on March 10th, global equity markets have experienced a strong rally, which has been driven primarily by significant momentum in artificial intelligence-related stocks. Investors have been flocking to these companies due to the potential for strong fundamental earnings growth tied to AI. This secular growth theme has
Investment Outlook & Positioning – June 8, 2026 Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q1 2026 Read More »
Iran Conflict Drives Asset Volatility in Q1 The initial outlook for the year reflected a sense of optimism as investors anticipated moderate U.S. economic growth alongside strong corporate earnings and global stability. This environment resulted in a continued rally in global equities, where cyclical sectors performed well and market participation began to broaden beyond artificial
Market Update – Q1 2026 Read More »
SUMMARY The current geopolitical friction involving the U.S., Israel, and Iran serves as a stark reminder that external shocks are a permanent fixture of the investing landscape. While the Trump administration has stated that these targeted strikes will conclude within a month or two, seasoned investors know that actions always carry more weight than verbal
Investment Outlook & Positioning – March 10, 2026 Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q4 2025 Read More »
Diversified Global Investors Were Rewarded in Q4 and 2025 Diversified global investors were rewarded in Q4 and throughout 2025. The year witnessed a significant shift where foreign equities outperformed domestic markets, precious metals outperformed equities, and the U.S. dollar weakened against foreign currencies. In the U.S., the S&P 500 Index rose 2.66% in Q4 and
Market Update – Q4 2025 Read More »
SUMMARY Since my last Outlook & Positioning piece on September 12th, global equity and bond markets have continued to grind higher overall. This year has been defined by resilience, where a combination of international market strength, the transformative potential of artificial intelligence (AI), a persistent move to gold, and investors chasing speculation. Although financial markets
Investment Outlook & Positioning – December 10, 2025 Read More »
To Convert or Not to Convert… That is the Question It’s that time of year again when investors with Traditional IRAs consider converting some (or all) of those IRA assets to a Roth IRA. One of the most common questions we get asked involves the strategy of converting a Traditional IRA to a Roth IRA.
Roth IRA Conversions Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q3 2025 Read More »
Equity and Bond Markets Continue to Rally Higher in Q3 Investors enjoyed solid performance from global equity and bond markets in Q3 as the global economy and corporate earnings continued to show growth, emboldening investors to embrace risk. The S&P 500 Index returned 8.12% and the MSCI ACWI ex USA Index, which measures international developed
Market Update – Q3 2025 Read More »
SUMMARY Since my last Outlook & Positioning piece on June 9th, the global equity markets continued to move higher and bond prices have rallied in addition to generating attractive income. As you can see in the chart below, volatility as measured by the S&P 500 Volatility Index (VIX) has declined from its spike in March
Investment Outlook & Positioning – September 12, 2025 Read More »
It never seems to fail. These Wall Street investment strategists just seem to always be chasing their tails. Markets Decline -> Wall Street adjusts forecasted price targets lower. Markets Rally -> Wall Street adjusts forecasted price targets higher. On April 17th of this year, after the markets experienced a quick, severe decline following President Trump’s
Wall Street Strategists Chasing Markets Again Read More »
Equity Markets Rebound on U.S. Tariff Pause in Q2 Global equity markets were volatile in Q2, coinciding with President Trump’s tariff rates announcement and the subsequent pause in early April. Coming into Q2, equity markets were in decline as investors anticipated President Trump’s tariff “Liberation Day” announcement on April 2nd. When announced, the new tariff
Market Update – Q2 2025 Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q2 2025 Read More »
