Immigration, DOGE, and the Impact on the Economy
We remain optimistic about the economic (and therefore market) outlook for 2025, although we are closely watching a variety of indicators for signs of weakness. Some indicators, like credit spreads, CEO confidence, small business optimism, equity market breadth, and the labor market remain quite strong. Others, including uncertainty around administration policies like tariffs and immigration […]
Market Weighs Executive Orders and DeepSeek Surprise Against Growing US Economy
In January, we saw the inauguration of a new administration, which has wasted no time in imprinting its agenda onto the government. We view some of the announced actions as positive for corporate profit growth (and therefore markets), while others are negative. At the same time, the $27 trillion US economy and the $63 trillion […]
Social Security Fairness Act Update
By Laurie Faille, CFP®, CDFA®, Principal, Private Client Advisor Workers with reduced or eliminated Social Security payments will regain their benefits with a new law that passed just days before congress adjourned. The Social Security Fairness Act of 2023 cleared its final hurdles passing the Senate on December 27, 2024, and was signed into law […]
Economic Indicators Are High. Investment Valuations Are Higher.
By Ellen Hazen, CFA®, Chief Market Strategist What We Are Watching in January and in 2025: As we look to 2025, we see a continuation of many of the trends we observed in 2024. Economic indicators have generally remained strong, and we expect this to continue in 2025. Corporate profits are on track for another […]