Creators of Capital vs. Consumers: Finding Value Overseas. Silvercrest International Value Portfolio Manager, Christopher Richey, and Bernard Paternina, Portfolio Manager, discuss their investment philosophy, global markets and geopolitical risks, and the role of AI in the

In our Q4 2025 Economic Review, Robert Teeter, Silvercrest Chief Investment Strategist discusses the durability of the market rally and the “two engines” of rates and earnings; stubborn but easing inflation, labor market steadiness amid slowing job growth and AI-driven

Our September 2025 Economic Review is now available. In this letter, our Chief Investment Strategist, Robert Teeter, discusses recession risk, Fed policy, current valuations, and earnings. https://t.co/dVUXM7U4np

We are pleased to bring you Silvercrest’s latest volume of Insights Magazine! IN THIS ISSUE: Chip Kelleher, CEPA explores how families can cultivate enduring legacies by moving beyond wealth management to strong internal leadership. Jay Dunn outlines how public market

Our August 2025 Economic Review is now available. In this letter, our Chief Investment Strategist, Robert Teeter, discusses recession risk, geopolitical stress, earnings, and fixed income. https://t.co/2KxX8D2H1t

We are pleased to release our Q3 2025 Economic Review. "Welcome to 2025, a compilation of the 1970s, 1980s, and 1990s. It's got all the greatest hits...Noisy geopolitics from the '70s, Expensive but business-friendly policies from the '80s, Massive tech advances from the

In our latest podcast, Portfolio Managers Scott Brown and Chip Kelleher discuss the importance of leadership in protecting a family legacy. We hope you enjoy the conversation! https://t.co/RMu9REqMys

Tariffs. Slower growth. Why are earnings holding up? Silvercrest's Chairman & CEO, Richard Hough, and Robert Teeter, our Chief Investment Strategist, unpack the data, the consumer's strength, and why today's challenged economy still supports earnings expansion.

On a company-by-company basis, it is critical to be aware that this is still the early days for AI-assisted efficiency, and that a slower and more challenging economy may be a catalyst for companies to pursue a wide range of productivity initiatives to enhance margins.

In our estimation, the current scenario will reduce growth by just under 1% but will keep the economy in positive territory (just barely). Most companies appear to be taking this in stride, assuming the worst-case scenario is already on the table and an improved scenario is

Most key metrics of real-time economic activity remain steady—across spending data, models from regional Fed banks, corporate earnings, and company commentary—signaling that caution is warranted but contraction isn’t imminent.

Jobless claims and payroll readings would be among the first to indicate economic deterioration, but unemployment data to date has been relatively stable, while the Hires rate and wage gains continue to provide a sufficient income boost to power consumer spending and economic

Recession trepidation and unpredictable policy have been offset with solid economic data, which has allowed the current Bloomberg U.S. Corporate High Yield Index’s 7.5% option-adjusted spread YTW (Yield-to-Worst) to remain essentially on par with its 7.6% average since the last

Alarms over the Ten-Year Note remain solidly unfounded, as pullbacks by foreign buyers, inflation trades and other fear-and-trembling conjecture have failed to raise the yield above 5.0%, a reassuring sign that U.S. bonds continue to retain their broad appeal.

Taking the Economy’s Pulse: The latest key data points are nearly unanimous: Stay cautious, but the sky isn’t falling. Market Update 🧵

More Uncertainty—Good for Stocks? Our latest Economic Review is now available. https://t.co/eZdxYeT4Pw

Those unnerved by today’s market uncertainty might emulate Indy 500 winner Alex Palou by hanging back a bit off the lead, conserving some fuel, and eventually achieving success powered by earnings rather than day-to-day moves.

Despite constant tariff jitters and uncertainty, earnings season saw profits run well ahead of estimates. The economy is in better shape than expected, with job market, spending, and other key metrics remaining solid across the board.

The surest path to deter recession is if tariff policy remains contained at a “habitable” level that allows earnings power to remain intact and opens the way for earnings (not valuation) to achieve an upward path.

A sharp drop in growth could result if there is an inadvertent misstep in the brinksmanship approach that underlies the current tariff regime, wherein each painful equity market reaction calls forth altered policy calibrated to elicit a more favorable short-term response.