This week, the Investment Office provides commentary on the global equity markets, which continue to be influenced by two primary factors: rising geopolitical risk and changing central bank policies; the historical market context and learning from the past; valuation multiples and credit spreads; and China. Our Chief Economist, Jeanette Garretty, talks about the reassurances last week from several Federal Reserve Presidents that the Fed is inclined to move forward on interest rate increases carefully and gradually offered only a brief respite from market volatility, quickly overwhelmed by the Russia-Ukraine fighting. Our Center of Wealth Planning discusses how estate taxes can be elective if there is proper planning; New York residents are taking advantage of the legalization of online sports betting while deducting their losses; and a reminder about a very large tax exclusion.
Click Here to Read February 22, 2022 Weekly Commentary
