Inflationary data continues to run much hotter than the Federal Reserve has expected.  This inflationary pressure is delaying, if not outright halting the Fed’s plans to reduce interest rates this year.  This is a very negative development given financial markets, had been rallying since October in the hopes of a rate -cutting cycle.  We always...Read More

Higher than expected inflation and geopolitical turmoil have begun to roil the equity markets of late, wiping out $1.3 trillion in value last week alone.  This past week, the S&P 500 declined by 3%, recording its 3rd consecutive week of declines.  The Nasdaq declined by 5.3%, which was its worst week since October 2022.  Many...Read More

Due to the rapid ascension of interest rates over the past two years, commercial real estate has seen a considerable decline in prices.  Different sectors of the commercial real estate market such as Office, are clearly more troubled.  However, areas such as multifamily, industrial, and retail are performing much better at an underlying business level. ...Read More