Commentary and Research Papers
July 10, 2026
2026
The second quarter delivered an exceptionally strong rebound for equity markets, with U.S. stocks posting their best quarterly gains since 2020. While large-cap technology companies once again played a significant role in driving returns, market leadership broadened considerably. Small-cap stocks enjoyed one of their strongest quarters in years, while software companies recovered much of their first-quarter weakness. Strength also extended to several industrial and cyclical areas of the market. In contrast, energy, chemicals, utilities, and several consumer-oriented sectors lagged.
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July 2, 2026
2026
Last fall, we introduced readers to Trump Accounts, a new type of investment account created by the One Big Beautiful Bill Act ("OBBBA") to help children get an early start on building wealth. At the time, many of the implementation details were still being finalized and families could not yet open accounts.
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April 16, 2026
2026
Markets entered 2026 on relatively stable footing, but the first quarter proved more uneven beneath the surface than headline index performance suggested. The S&P 500 declined modestly, marking its first negative quarter after three consecutive gains, while the Nasdaq fell more sharply. In contrast, smaller-cap stocks held up better, with the Russell 2000 finishing slightly higher and the equal-weighted S&P 500 posting a small gain, reflecting a less concentrated market environment than investors have grown accustomed to in recent years.
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January 13, 2026
2026
Equity markets closed 2025 with solid gains, extending a run that now includes three consecutive positive years for U.S. stocks. For the full year, the Dow Jones Industrial Average rose nearly 13%, the S&P 500 gained more than 16%, and the Nasdaq Composite advanced just over 20%. While returns were broadly positive, market leadership once again skewed toward the largest companies, with the equal-weighted S&P 500 still trailing the cap-weighted index by a wide margin.
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December 10, 2025
2025
In our Fall Financial Planning Newsletter, we outline the most impactful updates from the One Big Beautiful Bill Act (OBBBA) - including temporary SALT relief, expanded senior deductions, new tax breaks for overtime and tip income, revised charitable giving rules, and the launch of Trump accounts.
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Commentary and Research Papers
November 13, 2025
2025
As interest rates and credit conditions continue to evolve, investors are naturally asking: Where is the best opportunity for income in the fixed-income market today? For clients in higher tax brackets, understanding the relative value of municipal bonds, corporate bonds, Treasuries, and the broader fixed income market is essential. We regularly analyze these benchmarks to help our clients make informed, tax-efficient investment decisions. Here’s a snapshot of the current landscape.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
