Commentary and Research Papers
August 19, 2025
2025
The economic expansion finds itself surrounded by worried onlookers. Growth has stalled, risks are rising, and policymakers are debating their next move. The Trump administration’s executive orders to increase tariffs threaten to act as a fresh shock to an already vulnerable system. While some market voices are calling for prompt interest rate cuts to help cushion the economy, the Federal Reserve appears inclined to stay patient for now.
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Commentary and Research Papers
August 19, 2025
2025
The energy sector offers investors an array of choices. Pinnacle Associates Portfolio Manager Jack Bocock weighs in on his outlook for the sector and specific themes that Pinnacle’s Small Cap Value team likes including natural gas-fired power for surging IT power demand and offshore projects as onshore U.S. production struggles to grow.
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August 19, 2025
2025
Markets faced a sharp reversal in tone during the first quarter of 2025. After a strong finish to 2024, the S&P 500 fell 4.6%, marking its worst quarterly performance since Q3 of 2022. The NASDAQ declined 10.4%, and the small-cap Russell 2000 dropped 9.8%, weighed down by renewed concerns about economic growth, trade policy uncertainty, and the sustainability of the AI-fueled rally that dominated headlines last year.
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Commentary and Research Papers
August 19, 2025
2025
On April 9th, the S&P 500 surged an impressive +9.52%, putting it in the top 10 largest single-day percentage gains in the index’s history. That kind of rally turns heads — it’s rare air, the kind usually reserved for moments investors remember for decades. But before breaking out the champagne, it’s worth considering the broader context. Historically, the biggest up days in the market don’t tend to show up during periods of calm or stability. Instead, they tend to appear right in the middle of extreme stress
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Financial Planning
November 10, 2025
2025
One of the most valuable yet sometimes overlooked investment strategies is tax loss harvesting in taxable accounts. Another prudent approach is trimming highly appreciated and over-weighted positions. Given the market volatility this year, investors may have had opportunities to harvest losses, while also considering reducing large gains in certain stocks following two great years in the stock market.
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Commentary and Research Papers
August 19, 2025
2025
The markets have been exceptionally volatile this week, largely driven by the Trump administration’s aggressive tariff policies. With new tariffs imposed on imports from Canada, Mexico, and China, and immediate retaliatory measures from these nations, investors are grappling with uncertainty. But beyond the immediate market reaction, some analysts and commentators have speculated that these moves are part of a broader economic strategy—a potential "hard reset" aimed at restructuring key financial dynamics.
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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.
