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Week In Review

Retail sales increased 1.7% in October, topping economists’ expectations for a 1.4% increase. On a year-on-year basis, sales surged 16.3% and are running well above their pre-pandemic level...
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On Wednesday of this week, the Federal Open Market Committee (FOMC) announced the long-awaited plan to start tightening monetary policy with a plan to reduce bond purchases in November at a pace of $15 billion per month which would result in a plan to end purchases by mid-2022...
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Real gross domestic product (GDP) increased at an annual rate of 2.0% in the third quarter of 2021 according to the Bureau of Economic Analysis (BEA). While positive, the rate of growth was down from 6.7% realized in the second quarter...
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Market Commentary

Markets rebounded in October 2021 from a down September led by the technology, energy, and consumer cyclical sectors. The Q3 earnings season provided positive surprises versus consensus once again. Inflation readings also came in higher than anticipated...
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September 2021 marked the first time in 226 trading days that the S&P 500 index closed more than 5% below its highs. Interest rates are moving higher as the Federal Reserve discusses the tapering of monetary stimulus and Washington debates the debt ceiling and additional stimulus packages...
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Equity markets moved higher in August 2021, led by the technology and utility sectors. A resurgent Delta variant, weak payroll numbers, and dovish Federal Reserve comments drove returns higher in the less cyclical areas of the market...
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Planning Commentary

The window of opportunity for many current-year tax-saving moves closes on December 31, so it is imperative to evaluate your current financial planning situation while there is still time to affect your bottom line for the 2021 tax year...
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Back in October of 2020, we wrote that the “Winds of Change are Blowin’”. Earlier this year, we talked about a “Paradigm Shift” under President Biden’s tax policy. Just a few months later, on September 13, 2021, the House Ways and Means Committee released the first draft of a tax proposal designed to raise roughly $2.9 trillion over the next 10 years...
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In last month’s newsletter, we commented that in recent past, we have attended several client meetings where the focus of the conversation was on dealing with the risk/reward considerations of the client’s single-security concentration...
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News and Announcements

Pallas Capital Advisors, LLC ("Pallas Capital"), a leading independent financial planning and investment advisory firm, is pleased to announce it has surpassed growth expectations for 2021 within the first half of the year.
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Pallas Capital Advisors LLC is a relatively new registered investment advisor with big plans to attract wirehouse financial advisors to its platform, and it expanded on that business model with the recent addition of an advisor team that managed more than $300 million in assets at Merrill Lynch...
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Pallas Capital Advisors, LLC ("Pallas Capital") is pleased to welcome Eric Lalime, CFP®, CIMA® C(k)P®, and Patricia Lucas to the firm's expanding team of experienced wealth advisors and client relationship management professionals.
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