The Pallas Perspective

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Eric Lalime, Managing Director, to discuss various ways to understand and navigate the world of charitable giving. Donation topics include: cash, Appreciated Securities, Bunching, Privately held stock, Donor Advised Stocks (DAFs), Qualified Charitable Distributions (QCDs), Charitable Trusts, private foundations an...

This week in the Review:     PCA looks at the Inflation data for September hitting a 40-year high and the earnings season commencing on lowered expectations – which may be a sign of prospectively lower inflation and a bottoming process.    

This week in the Review: Pallas Capital Advisors provides a Third Quarter Financial Markets Review and notes that the first days of October have started on a positive note.  

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss: September was the worst month for financial performance since the onset of Covid in March, 2020 and then the first days of October saw a sharp rebound.  What’s going on? How should portfolios be positioned?

This week in the Review:      1. September continues its tradition as a difficult month for markets on surging rate expectations. PCA outlines the impact of the implied Fed funds target rate; the Dot projection peak rate moving to 4.6% and Price to Earnings ratio (P/E) pulling back 25%.      2. September financial market performance and sentiment fall from already low levels. PCA looks at the AAII...

This week in the Review: Hawkish Fed Policy Weighs on Financial Markets Impact of the Federal Open Market Committee (FOMC) raising the funds rate target range Tightening financial conditions Dollar continues to appreciate against foreign currency      2. As Recession Concerns Grow, Investors Can Look to History          for Earnings Trends Recession: different impact on different sectors  

This week in the Review: Disappointing CPI Report Raises Fed Funds Rate Expectations and Sets Back Market Sentiment Higher Cash Yields A Silver Lining in Choppy Market Thinking Ahead...    

This week in the Review: Fed Funds Rate Expectations Rise into Year End but Could Reflect a Peak Jackson Hole commentary Fuel Prices Labor and Housing continue to pressure CPI      2. Investor Sentiment Returns to Levels Near Record Lows AAII Sentiment Survey Historically low readings  

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss: - Stock and bond markets retreating over the past month - Hawkish Federal Reserve commentary - Rising interest rates - On-going inflation concerns driven by higher energy prices, particularly in Europe.   

This week in the Review: Powell Maintains Hawkish Tone in Jackson Hole, “Acting with Resolve Now” FOMC and the Federal Funds Rate Importance of Labor market and CPI      2. Relief Rally Under Fire, Stocks Turn Negative in August Rally reversing course Three indexes are now negative Housing Market and FOMC notes  

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Director of Planning & Client Experience, Shannon Smith, CFP, AWMA, to discuss paying for college and what the impact of partial debt forgiveness means to: College costs   Ways to pay for college Financial Aid   College loans Federal Private Deferred Interest Paying Back The President's Pardon   Ways to save 529 S...

This week in the Review: European inflation remains elevated Federal Reserve positioning importance vs. CPI

This week in the Review: A Historic Yield Curve Inversion Has a Silver Lining Impact on short and longer term Duration Bonds Impact on inflation Home Sales Slow As Rates Rise But Prices Remain Firm on Limited Supply Existing home sales numbers falling...again Home price levels remain high Housing starts at two year low

This week in the Review: Peak inflation is likely now behind U.S. but may remain elevated U.S. Consumer Price Index (CPI) report released Wednesday Performance of the Core Index What sectors are up or down      2. Mixed signals on economic growth but no cliff in sight in the near term The nature of negative growth in the U.S. GDP Negative GDP's effect on Financial markets   

This week in the Review: Earnings Season and Forward Guidance Surpassing Low Expectations 74% of the S&P 500 have reported Q2 earnings Earnings have surprised to the upside Winners and Losers       2. Financial Markets Remain Reasonably Valued by Morningstar Morningstar price to fair value Headwinds of slower growth expectations and inflation could shift and turn to tailwinds.  

This week in the Review: 1. Federal Reserve Tightens as Expected The Fed hikes federal funds by 0.75% Impact on bond markets Dovish comments met positively by market in short term 2. US GDP Confirms Slower Growth Why GDP decreased less in the second quarter than the first Impact of the IMF World Economic Outlook Report

This week in the Review: 1. Investor Sentiment at Trough Levels Latest Bank of America Fund Manager Survey results. Impact on stock and cash allocations 2. Mounting Energy Concerns Further Headwind for Europe Nord Stream and natural gas in the EU

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss: · What has been the driver of inflation?            - Ukraine war impact on oil and food · What has benefited from inflation? · What has been impacted the most?            - Concerns about recession including consu...

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Director of Planning & Client Development, Shannon Smith, CFP, AWMA, to discuss: A Roth IRA versus a traditional IRA Conversion and Contribution of IRAs What is the Five Year Rule? The tax impact of removing money from a Roth or traditional IRA Roth IRAs and 401ks IRAs for Philanthropy and Legacy "Back Door Contri...

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss: · The impact the Russia-Ukraine war has had on global GDP, commodities, and supply chains · The Fed and what it means to move from quantitative easing and low interest rates to quantitative tightening and  higher r...

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss: · The Fed and what it means to move from quantitative easing and low interest rates to quantitative tightening and higher rates · Inflation running rampant and how Pallas Capital Advisors hedges this risk · Factors...

At the end of last month, the Biden administration released its General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals (the 2023 Greenbook). The Greenbook includes nearly 50 proposals totaling 114 pages and represent the first comprehensive tax revenue-raising proposal from the administration since Build Back Better failed to advance in Congress late last year. In this epi...

Richard Mullen and Mark Bogar are joined by special guest Chris Miller, an assistant professor of international history at Tufts University and co-director of the school’s Russia and Eurasia Program. Chris, a frequent commentator on CBS, CNBC, Bloomberg, and the New York Times, provides insight into the Ukrainian invasion.

Mark Bogar sits down with Richard Mullen and Stephen Kylander to discuss the Russia-Ukraine conflict and its implications on the market.

James Landry and Charles Evangelakos discuss the topic of business owner exit planning in the first episode of this series.