Fed Rate Cuts Signals a New Economic Landscape

The third quarter marked a seminal pivot point for the financial markets, as the Fed officially concluded its tightening cycle that began in 2022 by cutting interest rates.

Will AI take my job?

The most common question we receive about artificial intelligence is unrelated to investments: “Will A.I. take my job?” Given Hollywood’s tendency to cast an AI future in a negative light (think Terminator, I, Robot, The Matrix, and Wargames), it is not surprising that our collective thoughts trend toward pessimism. If we can, however, imagine AI as autonomous agents working for the benefit of humanity, then we can picture a world in which future AI systems produce massive economic and societal benefit.

Market Dynamics Shift: Small Caps Regain Leadership as the Fed Cuts Rates Aggressively

The oft-treacherous summer months could not dampen investors’ spirits in the third quarter of 2024. All major indices advanced—closing at or near record highs—propelled by continued impressive corporate earnings and a larger-than-previously-expected interest rate cut by the Fed.