Evercore Wealth Management
A well-diversified portfolio requires a defense against events unanticipated by the markets, such as a significant rise in inflation after nearly a decade of historic low rates, an unlikely but still possible event as discussed in the cover article of…
Funds that invest in illiquid securities lock up capital, usually for five to 10 years, but have the potential to outperform public markets. Based on where they are in their life cycle – from an idea hatched in a garage…
Editor’s note: Stephen CuUnjieng is a Senior Managing Director at Evercore’s corporate advisory business and the co-Chairman of Evercore Asia Ltd. He joined the firm in 2009, and is the recipient of six “Deal of the Year” awards from Finance…
President Trump’s $1.5 trillion infrastructure proposal, if it comes to fruition, could have a major impact on municipal bond investors. Real investment in the nation’s airports, railways and highways – many in dire need of repair – could increase bond…
The current U.S. economic expansion may soon become the longest on record. The S&P 500 index has soared, up 400% since the bottom of the market in 2009, while other developed markets and the emerging markets have recovered and begun…
Introduction The municipal bond market will feel the impact from a supply, structural and credit perspective as the Tax Cut & Jobs Act takes effect. Investors in high tax states will be taking a closer look at municipal bonds, now…
Common market valuation metrics can make the stock market seem more expensive than it is, argues Evercore Wealth Management Chief Investment Officer John Apruzzese in a white paper published by the firm. Investors can form a truer picture of the…
It is not true that the U.S. market is overvalued by every metric. Factor in inflation, and stocks are fairly valued, trading right around historic averages. Most investors don’t account for inflation when evaluating the stock market. While there is widespread…
In the spring issue of Independent Thinking, we addressed the prospect of so-called Trumpinflation, noting that while there was a possibility of higher inflation and resulting increases in interest rates, powerful long-term deflationary forces were not going away. Inflation has…