Now you swear and kick and beg us that you’re not a gamblin’ man  Then you find you’re back in Vegas with a handle in your hand”  –Do It Again, Steely Dan, 1972  I recently had the opportunity to visit our GVA Advisors in Braintree, Massachusetts.  This week’s article is inspired by the great discussions we had about the melodic … Read More

Artificial Intelligence has moved from buzzword to backbone. It dominates headlines, moves markets, and is reshaping the future of technology and the economy. For most people, AI is already part of daily life, and its influence will only deepen. For equity markets the question is not whether AI matters but where the next wave of opportunity lies. The dominant players … Read More

Boy: “Hay una tormenta en camino.” Sarah Connor:  “What did he just say?” Gas Station Attendant: “He said there’s a storm coming in.”  Sarah Connor:  “I know.” –The Terminator, 1984  A different storm. Yes, Artificial Intelligence is increasingly taking over the world.  And while I’m not sure that NVIDIA will have perfected the chips in the next four years to … Read More

James Bond: “I admire your courage, Miss…?”Sylvia Trench: “Trench, Sylvia Trench. I admire your luck, Mr…?”James Bond: “Bond. James Bond.” –Dr. No, 1962 SPECTRE. The U.S. stock market is a relentless winner.  For nearly two decades since the financial crisis, stocks have been repeatedly confronted with all measures of danger and tight spots seemingly impossible to escape.  Whether facing down the … Read More

Heavy is the head that wears the crown. While equity markets have staged a powerful recovery since bottoming in April amid noise around international trade, much of Wall Street is beginning to question whether the rebound has gone too far. Market concentration has reached unprecedented levels: 10% of companies within equity markets now account for 76% of total market capitalization, … Read More

“I get this feeling I may know you, as a lover and a friend, but this voice keeps whispering in my other ear, tells me I may never see you again”  –Peaceful Easy Feeling, Eagles, 1972  A billion stars all around. It’s all so perfect.  The U.S. economy continues to grow at a healthy pace, inflationary pressures remain firmly in check, corporate earnings … Read More

“Ain’t nobody dope as me, I’m just so fresh, so clean”  –So Fresh, So Clean, OutKast, 2000  Gator belts and patty melts. The U.S. stock market remains on one helluva ride in 2025.  After starting the year on a December through February consolidation grind, worries about tariffs that eventually were manifested sent the S&P 500 on a -21% tumble through … Read More

Nothing says monetary tension like a photo op in hard hats. When President Trump and Fed Chair Jerome Powell toured the under-renovation Marriner S. Eccles Federal Reserve building in Washington D.C., the visit was more than just a symbolic walkthrough. It marked the latest chapter in Trump’s long-running campaign to pressure the central bank into cutting interest rates.  Trump and … Read More

Coldplayed, verb Emotionally disappointed from being caught up in high hopes, only to be let down Being unintentionally exposed while cheating in public Trouble. It’s been a tough week for people having affairs at concerts.  A few key themes have risen to the surface in the process.  One, there may actually be such a thing as bad publicity after all.  Another, key … Read More

Last week, I had the opportunity to visit our GVA Advisors in Boca Raton, Florida.  This week’s article is inspired by the great conversation we had during our stay with some of our Advisor friends over dinner (one of which I look forward to potentially hearing play the guitar someday!). “Then as it was, then again it will beAn’ though … Read More