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 +
Our Thinking
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 +
Sage Insights: Summer Momentum
In this edition of Insights, we explore two key themes shaping today’s investment landscape: Ongoing trade agreements are creating a new framework for the global economy. U.S. corporate earnings are exceeding initial expectations, despite economic policy uncertainty. Monthly Market Wrap The financial markets delivered mixed results in July. U.S. equities extended their upward trend, supported | Read More +
Navigating The New Tax Law
Congress recently passed sweeping tax provisions as part of the 2025 budget reconciliation bill —the One Big Beautiful Bill Act (OBBBA)—that extends many Tax Cuts and Jobs Act of 2017 (TCJA) provisions and introduces new rules that may affect your tax planning, giving strategies, and long-term goals. While not every provision will apply to every | Read More +
Sage Insights: A Tale of Two Quarters
The first half of 2025 delivered its share of twists and turns—marked by bouts of volatility, periods of resilience, and a strong recovery. Investors navigated a challenging mix of geopolitical tensions, persistent inflation concerns, and a notable shift in market leadership. Following a sharp early spring decline driven by proposed tariffs, a powerful relief rally | Read More +
Sage Insights: Market Observations in May
May brought renewed optimism, with mostly positive developments in financial markets and the broader economy, driven by easing trade tensions and encouraging economic data. While structural concerns—such as U.S. fiscal sustainability, international tensions, and evolving interest rate dynamics—remain in focus, markets generally responded favorably to signs of stabilization, including tariff de-escalation, stable employment numbers, cooling | 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 +
