News and Commentary

Conversations that emphasize responsibility can help children view an inheritance as a resource to manage thoughtfully—rather than money they are simply entitled to receive.

The third quarter was a volatile yet generally positive period for Wall Street. The NASDAQ and the S&P 500 each advanced, while the Dow and the small caps of the Russell 2000 lagged.

The U.S. stock market in July experienced a rotation from mega-tech and AI-driven stocks to a broader market. Coming off a robust second quarter that saw equities touch record territory, July witnessed a shift away from megacap technology toward blue-chip value, small-cap equities, and equal-weighted indices. Wall Street enjoyed a solid month in August, despite periodic volatility. Stocks overcame inflation concerns, a receding labor market, rising Treasury yields, monetary policy uncertainty, and ongoing geopolitical tensions in the Middle East to post end-of-the-month gains. The markets focused on strong corporate earnings, softening inflation data, and investor optimism surrounding AI.