February 2, 2023
We are pleased to announce the addition of Jessie Hymes to The DDK Group!
January 24, 2023
Baird's Market Strategist Michael Antonelli discusses what may be one of the biggest impediments to financial success.
January 13, 2023
In this Quarterly Market Update, our partners at Strategas break down today’s markets and illustrate our current situation in 8 simple charts.
October 6, 2022
News and Perspective for Growing and Preserving your Wealth
October 3, 2022
As we enter the fourth quarter of 2022 and begin to plan for next year, we wanted to let you know that the gift tax annual exclusion and the estate and lifetime gift tax exemption amounts are expected to increase due to inflation in 2023.
September 28, 2022
Since the dawn of time, humanity has been required to do two things at once: Survive and Thrive. Survive difficult times, but also flourish. It’s the same for investors.
September 1, 2022
President Joe Biden recently signed the Inflation Reduction Act of 2022, which focuses primarily on clean energy incentives and healthcare costs for Americans. Also included in the bill is a corporate minimum tax and an increase in IRS funding, which may mean an uptick in audits in a few years.
August 16, 2022
As I write this blog, the S&P 500 sits about 12% below the all-time high it made in January. In June of this year it was down 23%—one of the worst starts in history—but since then it has bounced significantly. Which raises the question: Was that the low in June?
July 11, 2022 Outlooks
It’s been a tumultuous first half of the year, and there are several unknowns ahead— including the midterm elections in November. To help us make sense of the interconnected variables at play, Baird’s market strategy experts at Strategas sat down to address several questions on inflation, corporate profits, consumer health, and more.
July 6, 2022
We hope you enjoy this piece from Michael Antonelli about market volatility and expectations.
June 29, 2022
We are pleased to announce the addition of Catherine Murray to The DDK Group!
June 17, 2022
May 25, 2022
For several weeks, the market has maintained a level of volatility that can feel uncomfortable. To help you make sense of this, Baird’s market strategy experts at Strategas sat down to answer a spate of questions regarding market volatility, inflation, supply chain issues and the overall outlook of the market.
May 4, 2022
We hope you enjoy this piece from Michael Antonelli. Of particular interest to us are his comments on human behavior, which touches on a topic near and dear to our heart – behavioral finance. We hope to write more broadly about this field of psychological study later in the year as we believe it affects outcomes as much as asset allocation and manager performance.
April 20, 2022 Outlooks
The new year saw markets peaking in the first couple of trading days with the volatility of the latter part of Q4 2021 continuing throughout the quarter. All asset classes, except for supply constrained commodities, showed remarkably consistent returns to the downside. The Federal Reserve, having just begun its rate hiking and quantitative tightening, is clearly playing catch-up to realized inflation.
April 13, 2022
We are pleased to announce the addition of Brad Nortman to The DDK Group!
March 30, 2022
After months of feverish speculation, last week the Fed announced the first increase in interest rates since 2018 – with six additional increases to come in 2022. This long-expected announcement is, in part, intended to help slow inflation that’s increasing at the fastest clip in 40+ years. Baird Vice Chairman, John Taft, spoke with our colleague Warren Pierson, Co-Chief Investment Officer at Baird Advisors, to get his perspective on the impact of demographics on inflation and interest rates – and what we might see in the months and years ahead.
March 18, 2022
Our friends at Dimensional Fund Advisors recently addressed market timing and tactical asset allocation against the current environment of rising inflation, the likelihood of higher interest rates and the War in Ukraine. The historical perspective adds good support for the conclusion that attempts to avoid short term volatility can lead to significant portfolio underperformance over the longer term and our view that clients remain at or near their strategic asset allocation while maintaining enough cash to meet near term needs. Should you wish to discuss with a member of our team please do not hesitate to reach out.
February 25, 2022
Baird's Washington Policy team takes a look at some potential next steps, likely sanctions, and longer-term implications of the action.
January 15, 2022 Outlooks
Last quarter, we observed that the Fed would likely normalize rates faster than some expected as to not let the economy overheat. The early January markets seem to be proving that out. The knock-on effects of higher rates are being felt in the equity markets. Growth companies have been most affected when measured by fundamentals such as earnings as well as the discounted present value of future earnings. Until corporate earnings show the ability to outpace the effect of interest rates on stock prices there will be increased volatility in the equity markets. Value should continue to outpace growth over the near term; a trend that began late in 2021 and has accelerated in early 2022. It is against this backdrop that we attach Baird’s 4Q21 Market Update and Rolling Asset Class Returns for the past 20 years along with quarterly 2021 asset class returns