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Latest Perspective

A healthy retirement requires more than a well-diversified portfolio. It also requires a plan to manage healthcare costs, navigate Medicare, and prepare for potential long-term care needs.
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Pallas Capital Advisors, LLC ("Pallas Capital"), is pleased to announce that Emily Richard, CFA, Vice President, Wealth Management, has joined the growing team of experienced independent wealth advisors and client relationship managers at the firm.
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Equity markets were mixed for the month with the S&P 500 down 0.1% and the MSCI EAFE Index up 1.9%. The Nasdaq Composite and the MSCI Emerging market index were notable underperformers, down 3.2% and 3.3% returns respectively while the Semiconductor index, which has been a standout performer year to date, was down over 10% in July.
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Week In Review

This past week, the Federal Reserve lowered the benchmark federal funds rate by 25 basis points to a range of 3.50% to 3.75%, marking the third consecutive monthly cut.
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At Pallas Capital Advisors, we believe that price trends in equity markets are highly correlated with corporate earnings growth, both in absolute terms and relative to expectations.
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Key Insights and Implications of the Latest Federal Reserve
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Market Commentary

Equity markets were mixed for the month with the S&P 500 down 0.1% and the MSCI EAFE Index up 1.9%. The Nasdaq Composite and the MSCI Emerging market index were notable underperformers, down 3.2% and 3.3% returns respectively while the Semiconductor index, which has been a standout performer year to date, was down over 10% in July.
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Markets posted one of the best quarters in a decade. All major global equity indices recorded double-digit growth, pushing year-to-date returns above 10% and completely reversing negative returns realized in the first quarter.
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Equity markets put in another strong performance in May with the S&P 500 up 5.1%.and the MSCI EAFE Index up 2.6%. The Nasdaq and MSCI Emerging market index were two standouts to the positive with 8.4% and 9.4% returns respectively.
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Planning Commentary

A healthy retirement requires more than a well-diversified portfolio. It also requires a plan to manage healthcare costs, navigate Medicare, and prepare for potential long-term care needs.
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For many investors, saving for retirement begins with contributing to a company 401(k) plan or an IRA. But once those contribution limits have been reached, a common question arises: “Is there another tax-efficient way to save for retirement?”
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News and Announcements

Pallas Capital Advisors, LLC ("Pallas Capital"), is pleased to announce that Emily Richard, CFA, Vice President, Wealth Management, has joined the growing team of experienced independent wealth advisors and client relationship managers at the firm.
Read more..
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