Evercore Wealth Management
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 discuss opportunities in venture capital with Atul Rustgi, a Partner at Accolade Partners. Accolade is…
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, including illiquid assets such as private equity and real estate that have the potential for higher returns…
In the previous edition of Independent Thinking, we focused on the role of the large-cap growth stocks in supporting the remarkable market gains since the lows of March. Here’s another way to think about stocks now – in directional quadrants,…
For as long as most investors can remember, portfolio construction has started with a 60% allocation to equities and a 40% allocation to bonds, with adjustments then made for those looking for more capital appreciation or preservation. This classic balanced…
Editor’s note: The following is extracted from an Evercore Wealth Management paper, Got Munis? The Case for Bonds as States Adjust Budgets and a recent client webinar, Rumors vs Realities in the Municipal Debt Market: How Bad is It? All…
How is it possible that the stock market is so resilient? Approximately 20-30 million Americans are out of work, and both COVID-19 and social unrest continue, but the S&P 500 recovered from a historic shock within a month. As remarkable as…
The United States is on course to amass a $3.7 trillion additional net debt for 2020, the equivalent of 17.9% of the national GDP, the largest on both accounts since WWII. The aggregate gross domestic government debt-to-GDP ratio has tripled…
The recent dramatic swings in the equity market are unprecedented in terms of speed and volatility. With economies and supply chains going all but dark in the wave that began in the Hubei province of China in January and is…
We do not believe that municipal bond credit risks justify the continued high yields relative to Treasuries. First, a brief recap. After 60 consecutive weeks of inflow into municipal bond funds averaging $2 billion a week, sentiment shifted at the…