Evercore Wealth Management
Tax-loss harvesting means selling an investment at a loss to offset capital gains. Over the last 20 years, it’s been applied to stocks, which tend to be more volatile than bonds. But the recent and severe bond market dislocation has…
A perspective on purchasing power parity Purchasing power parity, which is calculated by measuring the price of a specific basket of goods to compare the absolute purchasing power of one currency to another, indicates that the U.S. currency is at…
Howard Cure, partner and Director of Municipal Bond Research, writes about the remarkably bipartisan Infrastructure Investments and Jobs Act (IIJA). The rollout of the IIJA will substantially impact state and local municipalities. Bond investors should pay close attention, especially to…
It still isn’t easy being green. Some environmental and, for that matter, social and governance investing practices are under attack, as regulators and the financial press question the aggressive marketing of ethical principles to attract trillions of dollars in global…
After years of easy money, aggressive monetary tightening raises important questions for investors. What’s the best way to be positioned in such a challenging investment environment? And, more hopefully, what are the investment opportunities? A focus on quality seems to us…
Editor’s note: Evercore Wealth Management supplements its core investment capabilities with carefully selected outside funds across the range of the firm’s asset classes. Here we recap part of the April 7, 2022, webinar discussion with Joelle Kayden, the founder and…
It took just three months for COVID-19 to spread around the world, followed by supply chain shocks and now persistent inflation, a reminder of just how interconnected we all still are. But globalization, in spirit and in practice, is in…
History, said (maybe) Mark Twain, doesn’t repeat itself, but it often rhymes. Investors may hear echoes of the past in the events unfolding in the Ukraine and in the rising tension between China and the United States, but it would…
American technology companies have powered the market gains of the past five years and the astonishing 48% surge in the S&P 500 from pre-pandemic highs. The sector’s four biggest constituents (Apple, Microsoft, Amazon, and Alphabet, the parent of Google) now…