After a Rough March, Muni Bonds Still on Firm Ground

Published on May 4, 2026

Like Treasuries and Treasury Inflation-Protection Securities (TIPS), municipal bonds betrayed their normally docile reputations in March as the conflict in Iran stirred increased volatility for normally subdued corners of the bond market.

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Taxing the Wealthy Won’t Reduce Their Power

May 4, 2026
It’s happening. California looks likely to put a “one-time” tax of 5% on wealth above $1 billion on the ballot in November, and polls suggest it could pass — despite opposition from some economists (not so surprising) and Democratic politicians (more so).

Adding AI Resilience to Equity Portfolios

May 4, 2026
Equity markets are growing more selective around AI exposure this year. In the process, a rotation toward “HALO” sectors deemed less sensitive to AI disruption may be opening an opportunity for investors to diversify beyond AI in value and infrastructure equities.