Outlook and Insights

The Hidden Weight of Adjusted Gross Income in the OBBBA Era

The Hidden Weight of Adjusted Gross Income in the OBBBA Era

The tax landscape for individuals has shifted once again with the passage of OBBBA. While
the legislation includes enhanced deductions and targeted tax relief, it also introduces several new income-based limitations that subtly yet significantly reshape tax efficiency. 

Wrapping Up 2025: Practical Steps for Year-End Financial Planning

Wrapping Up 2025: Practical Steps for Year-End Financial Planning

As we enter the final stretch of the year, it’s a great time to set aside a few hours to review your financial picture and position yourself for a confident start to the new year. 

Stuck in Neutral: Why the U.S. Job Market Is So Confusing Right Now

Stuck in Neutral: Why the U.S. Job Market Is So Confusing Right Now

We’re caught in a strange economic limbo with the U.S. employment market. Large-scale layoffs and a climb in the unemployment rate that signals a recession has not materialized; but the robust hiring that signals a healthy economy has vanished. The result is a labor market completely stuck in neutral, and the official numbers we’ve relied on for decades are looking shakier than ever. 

Stalemate

Stalemate

Over the course of the third quarter, the focus among investors, economists and the Fed itself shifted from tariff policy to jobs. We’ve arrived at a dynamic in the labor market that can best be described as a “stalemate.” Both hiring and firing rates sit at low levels. Businesses, uncertain about the future, are holding onto the employees they have, while simultaneously hesitating to bring on new staff. Top of mind is whether the frozen labor market will thaw through a resumption of hiring or whether we are in the early stages of an eventual rise in the rate of unemployment. 

Retail Therapy

Retail Therapy

The mood among American consumers, by many accounts, is grim. This sense of uncertainty and anxiety has been pervasive in 2025.

Actions Over Words

Actions Over Words

With the S&P 500 tumbling 18% in April from its February high, and subsequently rallying back to an all-time high, the second quarter was a wild rollercoaster for investors.

Turn Down the Volume

Turn Down the Volume

After a quick start that saw the S&P 500 jump 5% in the first three weeks of the year, markets abruptly reversed course and gave it all back and then some, with the blue-chip index posting a 4.3% loss for the quarter.