October was a challenging month economically and geopolitically. Before we unpack what it meant for investors, we want to acknowledge a deep pain from the devastating Hamas terror attacks of October 7th in Israel and the ongoing concerns unfolding in the Middle East. The violence and distress have had a profound impact, not only in | Read More +
Category: Our Thinking
Sage Insights: Market Observations Following a Rocky Month and Quarter
Heading into the year, most economists forecast that the labor market would need to weaken for inflation to fall, pushing the economy into a recession. Yet, as we sit here today, inflation is heading in the right direction, albeit slowly, and the unemployment rate is just above 50-year lows. At the same time, this economic | Read More +
Sage Recognized By Leading Financial Journals
We are proud and honored to share that Sage has received special recognition over the past several months from Barron’s, CNBC, and Philadelphia Business Journal. Barron’s recognized us as one of the nation’s best wealth managers of 2022 March. CNBC ranked us #22 in the country and #1 in Pennsylvania in its Top 100 Financial | Read More +
Sage Recognized for Exceptional Client Service
We are thrilled to share that Sage has been recognized as one of the top financial advisors in the country in 2022 by Barron’s (3/10/2023) for the 10th consecutive year (and one of the top money managers in the region by the Philadelphia Business Journal (3/16/2023) for the 12th consecutive year! These honors reflect our | Read More +
Our Perspective: The Debt Ceiling Limit
As the U.S. government continues to debate the debt ceiling, we want to share our thoughts, provide some context on the current situation, and put the developments into a broader perspective. What has happened? Treasury Secretary Yellen sent a letter to Congress this past Friday (1/13/2023), informing members that the U.S. would hit the current | Read More +
Sage 2023 Annual Letter
Following three consecutive years of positive returns, 2022 was a challenging year for investors as portfolios struggled in the face of prolonged periods of market volatility, the decline of both stocks and bonds, unprecedented interest rate hikes, high inflation, anticipation of a recession, and geopolitical conflict. We are cautiously optimistic, based on our experience and | Read More +
Sage 2023 Investment Outlook
2022 in Review: A Year of Very Difficult Performance for Stocks and Bonds When we sat down to write our outlook for 2023, we first reflected on 2022 — a year that tested resilience, patience, and focus. After three consecutive years of positive returns, markets quickly changed direction in 2022. By March, we found ourselves | Read More +
Sage Insights: Markets Bounce as Economic Growth Slows and China Adjusts Its COVID Policy
In November, financial markets recovered some of the ground lost during the previous ten months. This was the second straight month of positive returns for equities, which is encouraging in a year with no shortage of challenges. At the same time, bond returns had their strongest single month of 2022 in November. As we look | Read More +
Sage Insights: Federal Reserve Rate Hikes Persist, Political Volatility in China, and Perspective on the Journey of Investing
October was a very strong, yet volatile, month for the equity markets driven by aggregate positive corporate earnings. Bonds prices declined modestly as interest rates continued to rise. For most investors, this widespread historic selloff has created bumps in their investment journeys, underscoring the value of custom investment plans. The unfortunate reality is that large | Read More +
Sage Insights: Central Banks Seek Equilibrium, Europe’s Energy Problem, and a Broader Investment Perspective
Stocks and bonds had a broadly negative month in August. Bond returns were negative in most areas of the world as interest rates continued to rise. Stocks in the U.S. and other developed markets declined on average while emerging market stocks were positive. While the indices were mixed, persistent volatility in prices signaled that the | Read More +
