Markets Paul Palmeri Markets Paul Palmeri

Opportunity in Two-Way Markets

For much of the past two decades, markets have rewarded a relatively straightforward approach: maintain exposure, remain patient, and allow long-term upward drift to dominate over time. In strongly trending environments, that framework can be highly effective. But markets are not always linear.

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Markets Paul Palmeri Markets Paul Palmeri

Why Passive Exposure Isn’t Always Passive

Passive investing is often framed as the absence of active decision-making. Buy broad exposure. Remain invested. Minimize turnover. Allow long-term market appreciation to compound over time. In many environments, this approach has been highly effective. But passive exposure is not truly passive in the way it is often described. Every portfolio embeds assumptions.

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