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Investment Philosophy

Historic Fed Rate Hikes and Decades-High Inflation Weigh on Stocks and Bonds

Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December and the S&P 500 finished the fourth quarter with only modest … Continue reading Historic Fed Rate Hikes and Decades-High Inflation Weigh on Stocks and Bonds

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Investment Philosophy

The Rewarding Distribution of US Stock Market Returns

The stock market tends to reward investors who can weather annual ups and downs and stay committed to a long-term plan. Annual stock market returns are unpredictable, but “up” years have occurred much more frequently than “down” years in the US. That may be reassuring to investors, especially if they find market downturns unsettling. The … Continue reading The Rewarding Distribution of US Stock Market Returns

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Investment Philosophy

Inflation, Geopolitics and Rising Rates Weigh on Markets in the First Quarter

After a historically calm 2021, volatility returned in the first quarter of 2022, as inflation surged to 40-year highs, the Federal Reserve promised to raise interest rates faster than previously thought, and Russia surprised the world with a full-scale military invasion of Ukraine, marking the first major military conflict in Europe in decades. Those factors … Continue reading Inflation, Geopolitics and Rising Rates Weigh on Markets in the First Quarter

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Tax & Compliance

California SB 113 Simplifies Tax Write Off to Pass-through Entities

California just enacted Senate Bill 113 (SB 113), which made California’s new passthrough entity elective tax much more attractive for certain owners of S corporations, partnerships, and LLCs taxed as a partnership or S corporation. Many of the limitations and drawbacks to paying this tax were just recently removed by SB 113. Now, this passthrough … Continue reading California SB 113 Simplifies Tax Write Off to Pass-through Entities

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