Street SMARTS: June Commentary 2024

Discover the latest insights into the May market rebound, the impact of strong earnings on risk assets, and the trends in bond market volatility in this comprehensive analysis from Chief Market Strategist Tom Herrick.

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What to Do When Traditional Diversification Falls Short

Stocks and bonds have long been the go-to portfolio combination in investing, but the pair also has a repeated history of falling short of investor expectations. Learn more about their relationship and our hedged-equity strategies.

Street SMARTS: May Commentary 2024

Among equity pullbacks and yield pressure, what is the group to watch? Find out in Tom Herrick's May Commentary of Street SMARTS.

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Asset Management Viewpoints: Another Chance to Bite into Bonds

What opportunities exist in the current bond market? Chief Market Strategist Tom Herrick explains what the recent back-up in yields means for investors in this Asset Management Viewpoints article.

Financial Literacy Quiz: Assessing Your Financial Knowledge

To gauge your financial knowledge, CSP has prepared a short quiz comprising five questions. How much do you know about finances?

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Cryptocurrency and 401k’s

Is cryptocurrency a fruitful investment option for your 401k? Discover what the retirement services professionals at Cary Street Partners recommend.

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The Importance of Family Financial Planning

Unlock a secure future through effective family financial planning. Take action now to safeguard your loved ones and build a stable financial foundation.

Street SMARTS: Q1 Commentary 2024

In Chief Market Strategist Tom Herrick's new Street SMARTS series, he goes in depth about market observations and trends, offering valuable insight on the first quarter of 2024.

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Estate Planning Checklist: A Step-by-Step Guide

Navigate the complexities of estate planning with our comprehensive checklist to ensure a smooth transfer of assets and peace of mind for your loved ones. Start planning today!

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March Monthly Update

Markets were generally favorable over the course of February. The S&P 500 Index has advanced 5.34% since the end of January.

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February Monthly Update

Markets unsurprisingly consolidated over the course of the last month. Unsurprisingly is the operative phrase given the strong nine week run that risk assets experienced through the end of December.

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Private Student Loans: Finding the Best Private Student Loans

What are factors to consider when choosing a private student loan? What are the pros and cons? In this article, you'll learn more about private student loans and uncover our advice for students considering them.

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Asset Management Viewpoints: The Right Vintage of Private Credit

Private credit funds and breaking down the components of a direct lending yield are discussed in Chief Market Strategist Tom Herrick's Asset Management Viewpoints.

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Asset Management Viewpoints: Breadth Breakout

Cary Street Partners Chief Market Strategist Tom Herrick sees hints of breadth expansion in 2024's equity performance.

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Loan vs Gift: Making the Distribution Decision

At some point, you will probably give or loan a family member some money, so it is important to know the difference and impact of the two choices.

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2024 Market Outlook

Explore the trends and forecasts shaping the market landscape and gain valuable insights with our market outlook for 2024.

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November Monthly Update

The November Monthly Update takes a close look at 10-year yields and explains how "the beatings will continue until morale improves."

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Financial Independence for Women

Financial independence is a goal that every individual, regardless of gender, aspires to achieve. However, women often face unique challenges when it comes to their finances. Originally featured on MoneyGeek, CSP Advisor Christina E. Todd, CDFA®, CFP® shares insight.

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Asset Management Viewpoints: Mortgages—Home to Opportunities

Agency mortgage-backed securities, also known as Agency MBS, offer a good entry point to fixed-income investors. Cary Street Partners Chief Investment Officer Tom Herrick expounds how the current opportunity is two-fold.

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Interviewing Financial Advisors: What Questions Should You Ask?

Finding the right financial advisor for you is important. Check out these six questions to find the perfect fit.

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3rd Quarter 2023 Commentary

Risk assets do not do well when yields move higher. The third quarter was a case in point. Regardless of our viewpoint that yields have overshot, the price is the price, and there is no denying the impediment that yields present to stocks and bonds.

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Asset Management Viewpoints: Time for Small Caps

Cary Street Partners Chief Investment Officer Tom Herrick talks cap comparisons and explains why it's time for small caps.

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Retirement Savings Tax Credit

Did you know that you can get a match on your 401(k) contributions when you file your taxes, if you qualify? It’s called the Retirement Saver’s tax credit.

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Artificial Intelligence: The Fourth Industrial Revolution?

Artificial intelligence — is it being over-hyped? Or could it really have profound economic and societal implications?

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August Monthly Update

Epic dis-inflation. That is the short answer regarding what has been driving markets since last October.

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Retirement Secure Act 2.0 Part 2: Timeline

Building off our earlier Retirement Secure Act 2.0 article, Cary Street Partners' retirement team introduces a timeline to highlight some key provisions of the new legislation.

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Why You Need an Emergency Financial Folder (In Addition to a Will)

What if something were to happen to you? Do loved ones know where to find your important estate planning and financial documents? Is it all in one place or scattered everywhere? What about passwords for digital files?

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RetirePath Virginia Highlights

The CSP Retirement Services Team compiles essential highlights of the mandatory state-facilitated retirement plan, RetirePath Virginia.

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2nd Quarter 2023 Commentary

As we approach the halfway point in 2023, investors will find global equity and bond markets considerably improved from January 1st, although still well below peaks reached in 2021...

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June Monthly Update

An underappreciated characteristic of Nobel prize-winning monetary economist Milton Freidman was that he could turn a phrase. In fact, he wrote a well-read column in Newsweek for years. Freidman is said to have likened central bankers to fools in the shower...

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Importance of 529 College Savings Plans

Saving for your child's education is prudent, and 529 college savings plans can help you prepare for your child's higher education to guarantee a better future.

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May Monthly Update

Domestic equities largely consolidated and continued to trade within a relatively tight range throughout the month of April. Using the S&P 500 Index as context, the current equity trading range is...

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Clarification for Inherited IRA Distributions

The IRS recently clarified some of the language addressing how/when distributions should be taken from an inherited IRA. Here's what you need to know.

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The Fed is Starting to Break Banks

There is an expression on Wall Street that the “Fed raises rates until something breaks.” Well, something broke in March: Silicon Valley Bank and Signature Bank failed, and a host of regional banks came under stress...

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Retirement Secure Act 2.0 Major Changes

How have contributions changed? What are the new required minimum distributions? Here are some highlights of the biggest changes affecting 401k plans from the Retirement Secure Act 2.0 legislation.

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March Monthly Update

Last month we highlighted the strong relationship between calmer yields and better risk returns. That dynamic held in place from late October until approximately three weeks ago. Since that point, markets have been rattled...

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How to Prepare Financially for a Divorce

Going through a divorce can be stressful. Going through a divorce with the right financial information can help alleviate some of that stress.

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February Monthly Update

Stocks and bonds have begun 2023 on a high note. As we discussed at length in our 2023 Market Outlook, these two asset classes are much more highly correlated in a higher inflation dynamic, something we have not seen for decades.

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2023 Market Outlook

2022 resulted in one of the more difficult investment environments in recent decades. One in which both stocks and bonds suffered significant losses...

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November Monthly Update

In previous commentaries, we have focused on the number one tactical driver of markets, liquidity. Commonly, this is summarized in the number one rule for market guidance— “Don’t fight the Fed”. The bear market continues to hold...

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3rd Quarter 2022 Commentary

Don’t fight the Fed. If there was one market mantra to live by, 2022 has reminded us that “Don’t fight the Fed” is it. As of this writing, the market continued to pull back from the mid-summer bear market rally that culminated on August 18th.

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September Monthly Update

From their mid-June low through the 18th of August, equities picked up short-term momentum and advanced about 16% using the S&P 500 as a proxy, a classic bear market rally.

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August Monthly Update

Equity markets spent the last six weeks rallying from deeply oversold conditions reached in mid-June.

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2nd Quarter 2022 Commentary

As we begin the second half of 2022, investors likely feel a lot like a football or basketball team hanging on by their fingernails just trying to get to the locker room for a halftime regroup.

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What Happens To Your 401(k) When You Quit?

When leaving your job one of the most frequent questions employees have is: “What should I do with my 401(k) balance?”

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What To Do In A Bear Market

May has been miserable. As equity markets broke downside support, the market tipped briefly into bear market territory.

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May Monthly Update

With a nod to Yogi Berra; “it’s déjà vu all over again.” Throughout 2022, the stock market has repeatedly visited a low found around 4200.

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1st Quarter 2022 Commentary

Equities and bonds both experienced a great deal of volatility since our last Update, February 24th.

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What Does the Invasion of Ukraine Mean for Investors?

Equity markets sold off in the last two weeks, triggered by fear of Russian aggression in Europe followed by an actual invasion of Ukraine...

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February Monthly Update

Markets began 2022 by moving decisively lower, with both stocks and bonds enduring continuous selling pressure throughout January.

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2022 Market Outlook

To begin, let us recap our 2021 Outlook against the year’s results. At this time last year, we held three primary viewpoints going forward...

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The Value of a Retirement Plan Advisor

Managing a retirement plan for a company is not a small task. The expertise of a knowledgeable plan Advisor can have important benefits.

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December Monthly Update

Black Friday, credit stress, inflation and the new COVID variant, omicron, all affect the market this month.

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Advice for Those Nearing Retirement

For those nearing retirement, it is natural to worry. The secret? A good financial plan.

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November Monthly Update

Equities posted sizable gains during the month of October as negative, COVID-surge-induced, sentiment swung from an overly risk-off condition to risk-on by month end.

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The Value of a Good Recordkeeper

Recordkeepers can be the backbone of a retirement plan. Here's what to keep in mind when selecting a retirement plan platform.

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3rd Quarter 2021 Commentary

Stocks remained in an uptrend throughout the third quarter.

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Why is Estate Planning Important?

There can be great peace of mind in knowing that your financial affairs are in order, and your final wishes will be fulfilled as you’d like.

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Revenue Sharing: Isn’t Sharing a Good Thing?

A recent survey from Callan shows the percentage of plans using revenue sharing declining. Find out what this means and how Cary Street Partners can help you.

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Weekly Update – August 30, 2021

Equities moved higher yet again last week — following a very brief and shallow decline the prior week.

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Weekly Update – August 23, 2021

Equities turned broadly lower last week.

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2nd Quarter 2021 Commentary

Equity markets moved higher in the second quarter with the S&P 500 Index picking up 8.55%.

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Is Inflation Ahead?

Find out what's in the financial market forecast and what it means for portfolio positioning.

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A Higher Standard

Hear a leadership message from Cary Street Partners Board Chairman, Douglas G. Stewart, and CEO, Joseph R. Schmuckler.

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1st Quarter 2021 Commentary

Equity market performance for the first quarter of 2021 was best characterized as churning higher amid a huge rotation from technology issues toward cyclicals.

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2021 Market Outlook

The best thing that can be said for the 2021 outlook is that it is not 2020 anymore.

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Retirement Services

Corporate Benefits & Retirement Services Director, Celia A. Rafalko discusses the tools and resources available through Cary Street Partners' retirement services.

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Dividend Reinvesting Reconsidered

Market wisdom has generally dictated that dividends are to be reinvested, but does that still hold up?

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Is a Depression Inevitable?

There is a good deal of media chatter regarding the possibility that the global economy is entering a great depression due to the COVID pandemic. Here's our take.

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CIO Conversation Series: Sean E. Heron, CFA

Hear from Tom Herrick and Sean E. Heron, CFA.

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CIO Conversation Series: Katie Stockton, CMT

Hear from Tom Herrick and Katie Stockton, CMT.