March marked, in our view, a shift in how markets are interpreting risk. Geopolitical developments in the Middle East moved from a background concern to a primary driver behind stock and bond pricing, largely through their impact on energy, inflation, and the path of monetary policy. As these pressures worked through markets, their effects became | Read More +
Our Thinking
Sage Insights: Market Observations Beyond the Tech Giants
In February, markets were defined by a high volume of key headlines and events. Investors weighed shifting narratives on artificial intelligence spending, trade policy, and the Federal Reserve’s posture. Market leadership continued to rotate during the month, as sentiment moved between optimism and caution in response to new economic data and policy developments. By month-end, | Read More +
Sage Insights: Opening Bell: Observations from the Start of the Year
One month into 2026, two forces continue to shape both the economic landscape and market behavior. First, market leadership is broadening beyond a narrow group of U.S. companies, with international equities leading the way. This strength reflects a combination of earnings growth in select regions, expanding participation in the artificial intelligence cycle, and a weaker | Read More +
Sage 2026 Investment Outlook: The Path to Resilience and Growth
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 +
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 +
Sage Insights: Fed Policy Turning Point, AI Enters a New Phase
In November, markets absorbed two meaningful shifts: a late-month dovish tilt from the Federal Reserve and some early signs of investor caution within the Artificial Intelligence (AI) space. Together, these forces drove swings across fixed income and equities, particularly within large-cap technology, before markets recovered in the month’s final days. Beneath the headlines, delayed economic | Read More +
Sage Insights: Market Resilience Despite Short-Term Uncertainty
In October, investors looked past Washington’s gridlock and focused on fundamentals. Markets rose as corporate earnings exceeded expectations, the U.S. Federal Reserve (Fed) rate-cutting cycle gained traction, and geopolitical tensions, including relations with China, eased. In short, resilient underlying growth outweighed headline uncertainty. In this edition of Insights, we explore three themes that shaped the | Read More +
Sage Named Among Top Financial Advisory Firms
We are pleased to share that two of the industry’s leading publications have once again recognized Sage. Barron’s has once again named Sage among the Top 1200 Financial Advisors in the United States for the 2024 calendar year (March 8, 2025). CNBC also recognized Sage as one of the Top 100 Financial Advisors in the | Read More +
Sage Insights: September Shakes Off History; New Heights
September is historically one of the weaker months for markets, yet this year it defied that pattern. Stocks pushed higher and bond prices rose after the Federal Reserve delivered its first rate cut in nine months. In this edition of Insights, we highlight three themes that shaped the month: Trade policy remains a risk, but | Read More +
Sage Insights: Markets Finish Summer Strong, Policy in Transition
August carried strong momentum across the markets, with both stocks and bonds moving higher. In this edition of Insights, we dive into three themes that stood out: Trade policy is shifting uncertainty to reality, with new agreements reshaping global supply chains and costs. The Federal Reserve is signaling a dovish tilt, reinforcing expectations for lower | Read More +
