Welcome to our October 2026 newsletter.
The excitement surrounding artificial intelligence and technology continues to capture market attention. In this environment, it can be tempting to follow the latest investment trends, but history reminds us that today’s popularity does not necessarily mean tomorrow’s best investment opportunity.
In our first article, “Now Is Not the Time to Have FOMO,” we explore why our investment managers resist the temptation to chase the excitement around artificial intelligence and technology stocks. Instead, they are focusing on high-quality businesses trading at attractive valuations. We explain why this disciplined approach requires patience and why maintaining conviction in a sound investment process remains essential to long-term wealth creation.
Our second article turns to estate planning and highlights how even the most well-intentioned decisions can have unintended consequences. Leaving a special bequest to a grandchild, family member or friend may seem straightforward, but without careful planning, these gifts can significantly reduce what ultimately passes to a spouse or children. We explain why the wording of your Will, the liquidity of your estate and regular reviews are essential to ensuring that your wishes are carried out as intended.
Both articles demonstrate that good outcomes depend on looking beyond the obvious and understanding the longer-term consequences of today’s decisions. Whether managing investments or planning your estate, thoughtful decisions and careful planning can make all the difference.
As always, our team is available to discuss how these matters may affect your investment strategy and estate planning.
Now Is Not The Time to Have FOMO
Over the past few years, a relatively small number of shares have driven a disproportionate amount of the return from the S&P 500.
To put this into perspective, in 2023 the S&P 500 returned 26.29%. The Magnificent Seven (just seven companies in an index of approximately 500 companies) accounted for 62.2% of that return. Without those seven companies, the return from the index would have been only 9.94%.
Could Your Kind Gesture in Your Will Leave Your Spouse or Children with Less Than You Intended?
Leaving something special to a grandchild, niece, nephew, friend or caregiver can be a meaningful way to show love and appreciation. But in estate planning, even the kindest gesture can have unintended consequences if the Will is not carefully drafted.
QUARTER 3, 2026
Economic and Market Overview