Insights
Notes from the CIO
Read and hear the latest thoughts from CIO Mark Mowrey, CFA.
September 5, 2026
Location. Location. Location.
Asset location can be just as impactful as asset allocation
July 20, 2026
Challenging Bias
Global, regional, macroeconomic and industrial supremacy ebbs and flows in manners hard to predict, in ways generally obtuse to the preferences and predictions of the contemporary hegemon
July 15, 2026
How much is too much?
Building wealth—or just locking it up?
May 31, 2026
Going Local
Not just to save money...
May 22, 2026
What Am I Missing?
When you invest in a specific stock, sector, theme (or meme), you’re basically saying you think it’s a better bet than all the other options out there.
March 9, 2026
This Is Risk
Oh, Risk!
February 28, 2026
The Risk of Being Wrong
This month, I push back against the extremes.
January 27, 2026
Tilting Against the Tide
We’ve written often of our preference for “factor” investing in equities, an approach that leads us to variously “tilt” portfolios toward characteristics that reflect observable “risk premia” in that they can be seen to have led to outperformance over time.
December 22, 2025
Wade or Jump?
Regularly investing over time may allow one to take advantage of market volatility, rather than simply suffer it.
November 4, 2025
"AI" Already Means Nothing
Seems not since the Tech Bubble of 2000-01 have we experienced such a rapid shift from “meaningful advance in technology” to rampant hype bordering on hysteria.
September 26, 2025
"No Risk-Free Path"
Responding to a reporter’s question regarding the Federal Reserve’s going-forward efforts to balance the risk of weaker employment against that of growing inflation, Chairman Powell stated, “We have a situation where we have two-sided risk, and that means there’s no risk-free path.” That two-sided risk scenario always exists, of course, but managing against both of the Fed’s “dual mandates” seems more challenging at present:
August 7, 2025
I've Heard This One Before
In this podcast I speak to concerns regarding the AI land grab.
June 27, 2025
It Eventually Rains
The S&P 500 set an intraday peak on the penultimate trading day in June.
May 12, 2025
Discounting What’s Next
In common parlance, to discount a statement means to not take the assertion at face value.
April 9, 2025
Heels Digging In
Different than the open-down-close-lower trading of Thursday and Friday, the first two days of this week suggest investors are beginning to dig in their heels.
April 6, 2025
Reviews are In
The U.S.
March 11, 2025
Cost of Relative Safety
Much as we figured in last month’s commentary, market volatility has only increased as the current administration has sought to implement its domestic and geopolitical agendas.
February 4, 2025
Tariff-Eyeing Market Moves
With the new U.S.
January 27, 2025
Surprised? Shouldn't Be...
At today’s close, shares in U.S.
