Commentary

Key TakeAways: U.S. economy has been resilient despite challenging headlinesInvestors may have to readjust U.S. GDP growth expectationsAverage 12-month U.S. GDP growth has been slower post-2008 vs. prior two business cyclesSlow growth doesn’t mean ‘broken’ economic growth Apple recently released a new marketing...

KEY TAKEAWAYS: Financial markets experiencing ‘tug of war’ over path of monetary policyMonetary policy influences many parts of the economy, including stock prices, mortgages and spendingOver the past 18 months, we believe we’ve seen competing monetary policy views play out in real timeThe...

It was a bit of a wild ride for financial markets and investors in 2018. The year began with promise, quickly turned and concluded with palpable disappointment. For most investors, the S&P 500’s nearly -20% decline between late September and late December will...

The Franklin Institute, a science and technology museum in Philadelphia, exhibits a replica four-story Foucault’s Pendulum. This giant pendulum, set in motion every morning, swings methodically throughout the day. Over time, the rhythmic back and forth gradually slows and the pendulum eventually comes...