September saw a meaningful expansion in market leadership, with emerging markets and U.S. small-cap equities stepping into the spotlight.
Congress passed the “One Big Beautiful Bill” (OBBB), a sweeping piece of tax legislation extending many provisions from the 2017 Tax Cuts and Jobs Act (TCJA).
We are reminded of Newton’s third law: for every action, there is an equal and opposite reaction. The global economy is contending with a powerful new force: tariffs.
Although tariffs were absent from the flurry of executive orders in January, February brought new developments, with Canada, Mexico, and China now in the spotlight.
Our outlook for the markets is broadly the same as it was before Donald Trump won the U.S. presidential election.
Earlier this week, the Fed announced a 50bps (basis points or 0.50%) reduction to the Fed Funds Rate, their key interest rate and primary lever for carrying out monetary policy.
The interesting journey of the Washington State Capital Gains Tax appears to have reached its final landing place.
After the latest debate, the U.S. presidential election cycle is in full swing.
It has now been over a year since the Washington Supreme Court upheld a law instituting a 7% tax on capital gains (i.e. profits) from the sale of assets (with some exceptions) exceeding $250,000.