Asset Allocation Reports
Asset Allocation Bi-Weekly – The Inflation Adjustment for Social Security Benefits in 2026 (November 17, 2025)
by Patrick Fearon-Hernandez, CFA | PDF Even for dedicated, successful investors who have built up a substantial nest egg, Social Security retirement and disability benefits can be an important part of their financial security. For many people, Social Security benefits are the only significant source of income in advanced age. On average, these benefits account… Read More »
Asset Allocation Bi-Weekly – When the Financial System Finds a Cockroach (November 3, 2025)
by Thomas Wash | PDF No one likes finding a cockroach, especially in a place that should be clean, like the financial system. Last month, JPMorgan CEO Jamie Dimon issued a warning, suggesting that isolated loan failures — the “cockroaches” — are pointing to a much broader credit risk problem. He specifically flagged risky loan… Read More »
Asset Allocation Quarterly (Fourth Quarter 2025)
by the Asset Allocation Committee | PDF We expect no recession over our three-year forecast period, with GDP growth near trend, driven increasingly by business investment. Anticipated fed funds rate cuts will stimulate the economy and address weakening labor markets. Inflation is likely to remain around 3%, above the Fed’s long-term target. Passive flows continue… Read More »
Asset Allocation Bi-Weekly – The Debasement Hedge: A Tale of Two Safeties (October 20, 2025)
by Thomas Wash | PDF The surge of gold past the $4,000-per-ounce level in October marks a definitive pivot in market behavior. Unlike past rallies driven by stock market fear, the current move is distinctly characterized by a structural rotation away from sovereign debt and toward tangible assets. This is not a simple risk-off move.… Read More »
Asset Allocation Bi-Weekly – The AI Arms Race: Navigating the Divide Between Promise and Profit (October 6, 2025)
by Thomas Wash | PDF AI is arguably the most exciting investment story of our time, with discussions swirling around its potential to create new businesses, boost productivity, and drive unprecedented revenue growth. This excitement has fueled massive spending as tech firms race to capitalize on the technology’s promise. As the hype has intensified, however,… Read More »