Macroeconomic Conditions
US economic growth is expected to decelerate, with the risk of a mild recession in H2 2023 or early 2024. A severe credit crunch could occur if lending is significantly constrained at regional and community banks, especially if deposit outflows or loan losses continue to rise.
Inflation and Labor Markets
Inflation data in the US has been mixed in 2023, with headline CPI declining on a YoY basis but core CPI remaining high. While leading indicators suggest decelerating inflation rates, the pace of deceleration and ultimate trajectory remain uncertain, with the Fed predicting higher short-term rates i
Strategic Asset Allocation View (7-years)
The seven-year forecast predicts mid-to-high single digit equity returns, mid-single digit returns for US government debt and investment grade bonds, and higher returns for new private market strategies. The forecast also anticipates riskier credit assets to be volatile in the next 12 months, but at
Capital Markets Executive Summary
Q1 2023 saw strong US employment and economic data, which led to a spike in US Treasury yields. The collapse of Silicon Valley Bank and Signature Bank on March 10th altered investor expectations regarding interest rate trajectory and economic growth. The equity market has rallied since the SVB news
Thinking Broadly About Exit Planning
Managing and optimizing various types of Exit transactions in the context of preparing for capital deployment to support your next phase of life.
Approach to Key Asset Classes
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Independent vs Broker-Dealer
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