Commentary and Research Papers
August 19, 2025
2024
April marked a change in investor sentiment from the positive aura that surrounded the first quarter results. The first quarter saw investors feeling more comfortable with the macro-economic data – the US economy continued to improve steadily while inflation seemed to be moderating. As April began, some investors were even calling for a “no landing” scenario, with no interest rate cuts, but above-trend economic growth and more dependable corporate profit growth. This, it was hoped, would provide a solid platform for stocks to move higher.
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November 10, 2025
2024
In our Spring 2024 Financial Planning Newsletter, we dive into various financial planning topics that can often accompany serious illness. Inside this guide, you will find essential insights on disability insurance, estate planning, life insurance post-diagnosis and strategies for itemizing medical expenses. We also discuss how these factors can impact your overall financial plan. While it can be difficult to discuss these topics, our financial planning committee continues to emphasize the importance of planning ahead. As always, our team is here to support you in reviewing and strengthening your financial plan - especially during uncertain times.
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August 19, 2025
2024
Exposure to innovative and transformative biotechnology companies has been a part of Pinnacle’s SMID investment strategy since our portfolio’s inception in 1996. Without a doubt, some of our most successful investments have come from this industry. Surprisingly, we have learned over the years that most investment managers avoid biotech stocks due to the inherent binary risks that come with drug development.
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August 19, 2025
2024
The S&P 500 notched its biggest Q1 advance in half a decade, rising 10.2%. This marked the index’s fifth gain in the last six quarters and a second straight double-digit quarterly percentage gain. Meanwhile, the Nasdaq narrowly missed what would have been its fourth double-digit percentage gain in the last five quarters.
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August 19, 2025
2024
Stocks powered ahead in the first quarter, adding to strong fourth quarter gains. Continued enthusiasm for all things artificial intelligence (AI), along with US economic resilience and expectations for eventual rate cuts by the Federal Reserve, provided an attractive platform for equity market investors. An economic soft landing, deemed a far-fetched hope early in 2023, became the consensus call in the first quarter of 2024, as the fears of a Fed-induced recession faded.
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August 19, 2025
2024
Stocks continued their upward ascent in March, with investors gaining increased confidence in the economic environment. After looking over their shoulder toward the possibility of imminent recession over the past two years, investors finally seem to be coming around to the idea that maybe a recession is not in the cards. Continued resiliency in the economic data, despite a persistent inversion in the yield curve, and moderating inflation have increasingly made an economic soft landing a likely scenario. Late in the month, some investors were even calling for a “no landing” scenario, which means no interest rate cuts, but also means above-trend economic growth and more dependable corporate profit growth as we move through 2024.
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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.
