The investing adage “don’t fight the Fed,” coined in the 1970s, remains highly relevant today. It reflects a core principle: the Federal Reserve’s monetary policy decisions can significantly influence markets and the economy, and investors should pay attention. However, it’s just as important to maintain perspective; what matters most is the broader trajectory of interest rates, not any one policy meeting.
“Life affords no greater responsibility, no greater privilege, than the raising of the next generation.” This quote from former U.S. Surgeon General C. Everett Koop highlights a powerful truth: for many, the ultimate goal isn't just financial security—it's leaving a meaningful legacy. Over the next two decades, an estimated $84 trillion will pass from the Silent Generation and Baby Boomers to their heirs, in what's been dubbed the Great Wealth Transfer. But this shift is about more than money. It’s already transforming how families think about financial planning, charitable giving, and legacy-building.
Let's briefly walk through recent economic developments—specifically around the labor market, stock market performance, and inflation—and what they might mean for the Federal Reserve and broader economy.
We’re going to talk about what happened in the markets in August—and what it could mean for your portfolios going forward. Stocks hit all-time highs and bonds had a strong month. That’s a pretty solid outcome, especially given all the uncertainty we’re still facing—things like tariffs, Federal Reserve policy, and some concerns about the tech sector. All this and more.
The challenge facing investors today isn't whether artificial intelligence will transform the economy, but how to maintain portfolio balance as the market climbs to new all-time highs. While it’s tempting to focus exclusively on companies that have performed well recently, investing for long-term goals requires a thoughtful approach to both growth and risk management.
After a strong run, the market appears to be entering a “grind” phase—characterized by sector rotation, modest price action, and a general wait for macro clarity. Volatility measures like the VIX suggest a degree of complacency, which could leave the market vulnerable to a pullback. However, long-term technicals remain intact, and macro conditions are still broadly supportive, keeping the overall tone resilient.