TONY ALBRECHT & PATRICK LARSON Q4 Strategy
The 3rd quarter was very good for many investors. Interest rates declined, the Fed lowered the fed funds rate by 25 basis points, the NASDAQ advanced 11% and the S&P 500 increased 7%.
October 15, 2025
Find out morePATRICK LARSON Q3 Review – Glad That’s Settled
People were feeling good about the prospects of an established global trading regime, with a base tariff rate of 10%, and “reciprocal” tariffs on roughly 60 countries.
October 14, 2025
Find out moreMarkets finished the 2nd quarter in a pretty good mood. Interest rates on short to intermediate bonds fell slightly and longer-term rates rose slightly. Equities posted very solid gains despite a sharp decline in April as tariff uncertainty roiled equity markets.
August 27, 2025
Find out moreWe are the proverbial “frogs in the boiling water” in that at the start of April most people thought that global trade was going to be redefined and even decades old strategic alliances were coming to an end. As “Liberation Day” came and went, followed by pauses, reversals, and occasionally amplified threats U.S. trade policy has quickly become much more livable than originally thought.
August 27, 2025
Find out moreThe first quarter came in like a lamb and went out like a lion.
April 17, 2025
Find out moreArt is subjective and “progress” may depend on your vantage point and bias.
April 17, 2025
Find out moreWill “Higher for Longer” Ever End?
January 17, 2025
Find out moreAs we start 2025 two things are very clear: there was no recession last year and the Fed outlook last September for several rate cuts in 2025 is out the window.
January 16, 2025
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This alert is of interest to all employers that offer fertility benefits or may be interested in offering fertility benefits in the future.
November 4, 2025
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As year-end approaches, many organizations focus on closing out financials and planning for the year ahead. It’s also the time when insurance programs often reveal unexpected challenges, some avoidable, others the result of shifting market conditions or overlooked details.
October 30, 2025
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This alert is of interest to all employers that sponsor health FSAs and qualified transit plans, among others.
October 10, 2025
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