News & Insights

Market Update and Economic Developments The S&P 500 posted a modest decline of -0.76% in February, with the index finishing roughly flat year-to-date at 0.68%. Technology and Consumer Discretionary were notable laggards, as investor rotation away from high valuation growth stocks accelerated late in the month amid renewed uncertainty over artificial intelligence and elevated valuations. [...]

Market Update and Economic Developments • Equity markets started 2026 with strong positive momentum, supported by a notable expansion in leadership across regions and market capitalizations. U.S. equities advanced in January with large cap stocks rising 1.45% while mid- and small-cap materially outpaced their larger peers, gaining 3.06% and 5.35%, respectively. Early month volatility weighed [...]

The 2026 Turning Point: Why New Federal Thresholds Require a New Fiduciary Mindset 2026 begins not with fanfare, but with quiet recalibration. A 2.8 percent Social Security cost-of-living adjustment (COLA) may seem unremarkable in headline terms, yet for practitioners who administer Special Needs Trusts (SNTs), it is consequential. This modest change ripples through every assumption [...]

Market Update and Economic Developments • The S&P 500 Index dipped slightly in mid-December but ended the month nearly flat, delivering an underwhelming end to 2025 when compared to the quarter's 2.66% gain and the year's 17.88% return. The proportion of that annual return attributable to Magnificent 7 performance has continued to decline in the [...]

  Market Update and Economic Developments • The S&P 500 had a relatively quiet month in November, posting a meager 0.25% gain, bringing the YTD return to 17.81%. Investors are actively sorting through new developments in AI technology and who is leading the charge, creating dispersion between the winners and losers. Shares of Oracle declined [...]

  Market Update and Economic Developments • Equities continued their strong rally with the S&P 500 posting a 2.34% increase for the monthand reaching multiple new all-time highs, with the technology sector being a consistentstandout. Large cap U.S. stocks outperformed small caps, and the most recent earnings seasondelivered many upside surprises, further bolstering the market. [...]

  Market Update and Economic Developments • In September, equities continued moving upward with the S&P 500 reaching a record high eight times in the 30 days and closing with a 3.65% gain on the month. Small companies were not far behind, with the Russell 2000 Index posting 3.22% for the month. Since smaller companies [...]