Quarterly Review – July 2026
As another quarter comes to a close, it feels like the market has once again reminded us why investing can be both exciting and exhausting. This quarter delivered an Iran war, a Federal Reserve pivot, a Supreme Court battle, and a tech selloff. Yet, by quarter-end, the market was once again knocking on the door of new highs. It is another reminder that while headlines may drive short-term emotions, they rarely determine long-term investment success.
On the fixed income side, our emphasis on short and ultra-short duration bonds over the past eighteen months has continued to serve clients well. Interest rates have remained volatile, but keeping duration shorter has provided flexibility while still allowing investors to earn attractive levels of income. We believe that remains a prudent approach until there is greater clarity on the direction of interest rates.
If there is one lesson from this quarter, it is that the market has an incredible ability to look past today's headlines and focus on tomorrow's opportunities. Trying to predict every twist and turn has never been our objective. Building diversified portfolios, managing risk thoughtfully, and staying committed to long-term goals continues to be our game plan.
As always, thank you for the trust you place in our team. We appreciate the opportunity to help guide you through changing markets, and we look forward to speaking with many of you over the coming months.
Market review: Broadridge report
Team updates:
Jeff:
Piedmont Healthcare Foundation is pleased to announce the appointment of Jeff Schultz to its Board of Directors for a two-year term. As a dedicated leader in the Atlanta community, Jeff is honored to join the foundation's mission and looks forward to leveraging his professional expertise to help expand access, support innovative clinical programs, and promote better healthcare outcomes throughout the region. His commitment to civic engagement and his deep ties to the local community will be invaluable assets to the board as Piedmont continues to deliver high-quality, patient-centered care to families across Atlanta.
Kevin:
Kevin was thrilled to celebrate his wife, Dr. Meg McKane, being recognized as one of Atlanta's Top Pediatric Cardiologists. Meanwhile his kids wrapped up an exciting championship swim and all-star softball season.
Clarke:
Clarke and his wife, Laura, spent much of the early summer traveling to three areas of Florida to visit family; busy weekends with those that matter the most!
Caroline:
Caroline and her boyfriend, Riley, now fiancé, got engaged during the 4th of July holiday. She is excited for this new season!
