by Joseph Pecoraro It’s the job of the wealth advisor to read between the lines of what our clients are saying to understand what they really mean. Recently, a “financial plan” has been something more clients have been asking for without ever asking for it. For instance, a client stated in a conversation that they are...Read More

by Dr. JoAnne Feeney Portfolio Manager Investors saw it coming – as they often do. The reopening is underway. Restaurants are beginning to serve sit-down meals, beaches are open, hair is being cut, and nails polished. Workers are being called back to factories and offices, although many who can work remotely will continue to do so....Read More

Why Is the Market Rallying While the Economy Is Collapsing? by Dr. Charles Lieberman Chief Investment Officer Observers are trying to reconcile the sharp rally in the stock market even as the data show that economic activity has declined dramatically. It is natural to ask how the market can only be down a little more than...Read More

While there are lower-risk and higher-risk fixed-income assets, investors could find no safe havens during the recent selloff. From the early 2020 highs to the March lows, investment-grade corporates, high yield, and preferred indices declined by 15%, 24%, and 38% respectively. This compares to the S&P500’s peak decline of 36% and highlights that liquidity trumps...Read More