Macro
What a 2026 Manufacturing Recovery Could Mean for Industrial Stocks
Early indicators suggest a 2026 manufacturing rebound, opening the door to broader equity leadership and renewed opportunities in industrial stocks.
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Firm-wide
A Letter From Our CEO
In his annual letter, CEO Tom Powers reflects on a successful 2025 marked by growth, innovation, and strong partnerships, and shares how we’re building on that momentum to create lasting value for our clients in the year ahead.
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Municipal Bond
State of the States 2026: Strong Fiscal Footing Amid Tighter Conditions
With record Rainy Day Funds and cautious budgeting, US states head into 2026 well equipped to manage slowing growth, cost pressures, and policy shifts.
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Macro
GW&K Investment Review 4Q 2025
Our CIO, Harold Kotler, reminds us that even in a tense, unpredictable world like the one we experienced in 2025, resilience still drives progress.
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Municipal Bond
Municipal Bond Market Commentary – 4Q 2025
Municipal bonds closed 2025 strong, driven by curve shifts, steady demand, and active opportunities as the market enters 2026 with resilient fundamentals.
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Taxable Bond
Taxable Bond Market Commentary – 4Q 2025
Taxable bonds posted solid gains in 4Q25 as Fed cuts, lower front‑end rates, and strong corporate and securitized performance supported the sector.
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Domestic Equity
Domestic Equity Market Commentary – 4Q 2025
US equities soared in the third quarter, led by AI and tech. Small caps outperformed, gold hit record highs, and Fed rate cuts boosted market optimism.
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Global Equity
Global Equity Market Commentary – 4Q 2025
Global equities rose in 2025, with non‑US markets outperforming as shifts in trade, currency, and valuations created compelling international opportunities.
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Taxable Bond
Taxable Bond Snapshot December 2025
The fixed income market gave back some ground in December but delivered a solid performance for 2025 — bonds returned their best annual gain since 2020.
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