Executive Summary As we enter 2026, we view markets as continuing to transition from a period defined by concentrated equity leadership and policy uncertainty toward a more balanced, potentially broader set of opportunities. 2025 delivered strong headline returns across global equities and fixed income, with returns of 22.3% and 8.2%, respectively. International equities outperformed U.S. | Read More +
Category: Our Perspective
Sage 2026 Annual Letter: The Client Experience
We are pleased to share our annual reflection on the Sage client experience. Much of what is discussed at the beginning of a new year naturally focuses on market conditions, economic forces, and the decisions those realities may require. This communication serves a different purpose. It is an opportunity to step back and reflect on | Read More +
Our Perspective: Checking in on the Current Environment
This communication builds on our recent weekly updates and is part of our ongoing effort to stay closely connected with you during this period of continued uncertainty and potential market volatility. We aim to keep you informed with clear, timely insight into our perspective on current events and their impact on investment portfolios. What Happened | Read More +
Our Perspective: Staying Connected During Uncertain Times
Recent developments in global trade policy, particularly between the U.S. and China, have created an environment of heightened uncertainty—something we have experienced and navigated in the past. While this environment can naturally raise concerns, we want to assure you that we are closely monitoring the situation and proactively managing our response. In times like these, | Read More +
Our Perspective: Tariff Developments Continue
Rapidly evolving tariff developments were a significant source of volatility in financial markets again this past week. Both enacted tariff rates and shifting perceptions of the United States’ trade policy goals contributed to sharp market swings up and down. Here is a summary of last week’s key developments: Saturday, April 5: A universal tariff of 10% | Read More +
Our Perspective: The Recent Tariff Announcements
This past Wednesday, the U.S. unveiled a new policy framework based on “reciprocal tariffs.” These new measures are generating fresh uncertainty for global commerce and significant volatility for the financial markets. We want to offer our perspective on the current situation and our clients’ portfolios. What Happened? For most of this year, investors, including Sage, | Read More +
Our Perspective: The Recent Market Rally
As we approach the year’s final weeks, we want to share our thoughts on the current market landscape and recent positive developments. What Has Happened? In early November, optimism surfaced around the likelihood that central banks, including the U.S. Federal Reserve (Fed), were finally getting ready to end a historical period of interest rate increases. | Read More +
Sage Insights: Market Observations As Summer Ends
Most major asset classes posted positive returns during the year’s first seven months, and investors enjoyed a respite. This momentum eased, however, in August as higher interest rates prompted concerns about the economy’s health. In this edition of Insights, we take a closer look at recent market performance and discuss the concerns in the market, | Read More +
Our Perspective: The 2023 Debt Limit Deadline
As we head into the long weekend, we want to share our thoughts on the ongoing debt ceiling tension and put the developments into a broader perspective. We understand the potential concerns and uncertainty the situation may raise and hope we can provide some clarity and guidance. The Current Debt Limit Situation We began to | Read More +
Our Perspective: An Update On The Banking Industry and Interest Rates
Dramatic news headlines can be unsettling, and we have seen our fair share this week. So as we head into the weekend, we want to follow up on the communication we sent Monday about the state of the banking industry and what it means for markets, the economy, and your investment portfolio. We hope this | Read More +
