Insight Newsletter—Fourth Quarter 2020

January 21, 2021

In an effort to deliver our quarterly communications more promptly and reduce our use of paper, we have made an electronic version of our Insight Newsletter available. Included in this quarter’s newsletter:

Investment Commentary
Year-End Reflections
The Anticipatory Nature of Markets
Endowments & Foundations: Good Governance as a Foundation for Success
Alice Lowenstein Earns CSRIC™, Sustainable, Responsible & Impact Investing Designation
Market Outlook Webinar Invitation

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The Anticipatory Nature of Markets

Helpful Insights

Investment Perspectives

Commentary from Our CIO—Second Quarter 2021

Global stock markets continued to surge in the second quarter. In our assessment of the macroeconomic backdrop and outlook, we continue to expect a strong global economic recovery over at least the next 12 months. In this quarterly commentary, our Chief Investment Officer, Jeremy DeGroot, reviews the current reasoning for our portfolio positioning, outlook on inflation, and forward-looking scenario analysis on the broader economy and markets.

Investment Perspectives

Research Update: Increased Return Expectations for U.S. Stocks

As the economy and financial markets continue their recovery from the pandemic’s impact, our recent analysis resulted in improved expected returns for U.S. stocks. In this post we summarize our analysis and why we think an increased allocation to U.S. equities could benefit the risk-adjusted return profile of our portfolios.

Wealth Management

Advisor Q&A: Tax Planning and the American Families Plan with Senior Advisor Chris Wheaton

The American Families Plan was recently released by President Joe Biden and includes many of the provisions outlined during his campaign. We asked Litman Gregory Senior Advisor, Chris Wheaton, to answer some questions about key proposed tax law changes, and related tax planning ideas for our clients to consider in 2021 and beyond.