The Punch Bowl’s Long Good-Bye

July 29, 2021 With the arrival of summer and the improving post-COVID re-opening well underway—despite the recent concerns about the Delta variant—there is increasing optimism in the air. People are planning social events and booking travel again. Employees are heading back to work, and consumers are spending. Economic data generally looks strong, and prices are … Continued

A Throwback to the 1970s?

July 29, 2021 For the better part of the last decade, central banks around the world have battled deflation as globalization, technological innovation, and slow economic growth have weighed on prices. Efforts to stimulate economies included buying bonds and keeping short-term interest rates low. And yet, even as central bank balance sheets ballooned—and in turn … Continued

Where Might Investors Shift If More Stimulus Is Enacted? CNBC’s Halftime Report | February 19, 2021

On February 19, 2021, Sand Hill’s Chief Investment Officer Brenda Vingiello, CFA, joined the CNBC Halftime Report panel once again. In the below clip, Brenda addresses the question of which sectors may benefit from rising interest rates and additional economic stimulus. CNBC’s Scott Wapner directs this question to Brenda beginning at the 3:30 mark. The … Continued

What a New Administration Could Mean for Municipal Bonds in 2021

February 2, 2021 Municipal bonds ended a volatile 2020 with broad market indices up more than 5% for the year. With a new incoming administration, we now set our sights on what potential changes lie ahead for the muni market. At roughly $4 trillion in size, the national muni market is a vital part of … Continued

It Was the Best of Times and the Worst of Times

October 21, 2020 This year will surely go down in the history books as one of the most puzzling in terms of reconciling much of the economic data with various trends that are difficult to justify given the challenging overall environment that so many people are facing. This has created two very different realities for … Continued