Financial Planning
November 10, 2025
2025
In our Spring Financial Planning Newsletter, we explore key topics to consider during times of professional change. Inside this guide, you’ll find essential insights on budgeting, managing both new and existing 401(k) plans, evaluating life insurance options, and reassessing your overall insurance needs. We also explore how these decisions can influence your broader financial strategy.
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August 19, 2025
2025
Stocks were strong in May, driven by easing trade tensions, lower-than-expected inflation readings and increasing investor optimism. After bottoming in mid-April, when the S&P 500, NASDAQ and the Russell 2000 all entered bear market territory of -20% from their highs, stocks have been on a tear. The S&P has risen 22% off of its intraday lows in April, the NASDAQ +29% and the Russell 2000 +19% through the end of May. Once again, those bearish market-timing commentators shouting “sell!” in the midst of trade uncertainty and oversold market conditions in mid-April have been proven wrong, while investors with a patient, fundamentally driven posture were proven right….at least through the end of May.
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Financial Planning
November 10, 2025
2025
I attended two weddings this weekend, and among all the dancing and celebrations, a common question was posed to many of the recently engaged or married couples: “So, are you thinking about buying a house soon?” A simple question that increasingly haunts the younger generation.
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August 19, 2025
2025
Sell in May and go away? Not this year. The market reacted positively to “revised” tariff demands and earnings results were better-than-feared. Small capitalization indices (and the Pinnacle SCV portfolio) are still down year-to-date, but the market had a good month. The portfolio was up strongly, benefiting from overall good earnings and, specifically, from a rebound in energy/AI/datacenter interest. We continue to believe that expectations for small capitalization value stocks remain (highly) muted.
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Commentary and Research Papers
August 19, 2025
2025
The offshore drilling industry is entering a new phase. While energy investing has largely centered on shale over the last decade, the next wave of production growth is offshore — longer-cycle, capital-intensive, and increasingly economically viable given oil price trends. R. George Pickral’s latest interview with @Phil Rosen, Co-Founder of @Opening Bell Daily, takes a look at a capital-intensive energy stock that’s positioned for durable pricing power. Read more here (subscription required)
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August 19, 2025
2025
Wines are interesting because some are best consumed immediately while others can go decades and improve with age. Given the constantly shifting market dynamics, this letter is like a wine that is best consumed immediately. We’re in the camp that the tariff proposals and inflationary pressures are hurting the economy in the second quarter and could cause a recession. Still, there are potential, albeit risky, glimmers of hope for the economy in the second half of the year, but the window of opportunity may be narrowing.
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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.
