Commentary and Research Papers
August 14, 2026
2026
Two reported deals in the last two weeks told us the same thing: everything we own is worth more than we thought. Earlier this week, Fenway Sports Group agreed to sell roughly 30% of Liverpool at a reported $8 billion valuation. Later in the week, the Los Angeles Lakers changed hands at a $12.5 billion valuation—just fourteen months after the franchise sold for a then-record $10 billion. In less than a year, the highest price ever paid for an American sports franchise was surpassed by 25%.
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August 12, 2026
2026
As healthcare costs continue to rise and retirement planning becomes more complex, understanding the financial decisions that can protect your future is more important than ever.
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August 12, 2026
2026
Stocks experienced a more volatile month in July as investors weighed another exceptionally strong corporate earnings season against growing questions surrounding the timing and magnitude of returns on the Technology industry’s unprecedented investment in AI infrastructure. Although the U.S. economy continued to demonstrate remarkable resilience through healthy labor markets, solid consumer spending, and expanding business activity, investors became increasingly selective within the Technology sector.
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August 11, 2026
2026
Historically, small-capitalization stocks have been viewed as riskier than their large-cap peers. We believe this conventional wisdom may need an upgrade! Today, investors in large-capitalization indices face historically elevated concentration, high valuations, and growing exposure to leveraged investment products.
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July 23, 2026
2026
Early in the second quarter, U.S. investors appeared to conclude that both the U.S. and Iran wanted to avoid a prolonged conflict. That shift in sentiment helped spark a broad “risk-on” rally. Technology stocks, particularly semiconductors, led the advance, while the Energy sector lagged as easing tensions around the Strait of Hormuz weighed on oil prices. The quarter was the best for the Russell 2000 in six years (since the stimulus-fueled Covid rally in 2020).
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Financial Planning
July 23, 2026
2026
Qualified Charitable Distributions (QCDs) offer a tax-efficient way for individuals aged 70½ or older to support charitable causes directly from their Individual Retirement Accounts (IRAs). By transferring funds straight to a qualified charity, QCDs can satisfy required minimum distributions (RMDs) without increasing taxable income, making them an attractive strategy for those looking to reduce their tax burden while giving back.
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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.
