
The New Capital JOURNAL
Financial news, views, advice, and guidance.
Brought to you by New Capital and our business partners.
How Might the American Jobs Plan Impact the Municipal Bond Market?
With state and local fundamentals well supported by direct and indirect federal aid and a rapidly improving economy, rich valuation across the municipal bond market are likely to persist.
Market Perspectives: May 2021
The somewhat earlier-than-expected direct payments alongside a continued strong pace of vaccinations point to the U.S. economy growing above the 5% we had previously anticipated in the first quarter.
Why Investors Might Think Twice About Chasing the Biggest Stocks
Expectations about a firm’s prospects are reflected in its current stock price. Positive news might lead to additional price appreciation, but those unexpected changes are not predictable.
Why Wall Street Issues So Many Buy Recommendations
Underlying causes include business pressures, investor expectations, and research habits.
What the CARES Act means for your charitable giving in 2021
Understand how the new stimulus package may impact your charitable contributions in the 2021 tax year.
How Green is Biden's Infrastructure Plan?
Although the U.S.’s commitment to battling climate change has wavered in recent years, the new administration’s infrastructure proposal, the American Jobs Plan, bears a distinct shade of green.
Why Bother With International Investing?
We believe on average, that across sectors, industries, and regions, the world will continue to grow, innovate, and change.
The Next Normal
We can’t control crises, but we can control our response to them. You want to be prepared to deal with the unexpected before it happens. Not when you’re stuck in the middle of it.
Why We Don't Expect Fed Rate Hikes Anytime Soon
The Fed outlined changes to its monetary policy framework that suggests it won’t raise its benchmark federal funds rate target until at least 2023.
Dimensional Receives Climate Neutral Operations Certification
Dimensional Fund Advisors is among the first in its industry to have its worldwide operations certified Climate Neutral by leading climate solutions provider South Pole.
What has COVID-19 meant for working women?
Although the female participation rate had begun to improve prior to the pandemic, the early stages of COVID-19 saw participation rates decline for women more than men.
Biden Administration Will Improve Regulatory Climate for Sustainable Investing
The rule from the Trump administration will not be enforced by the DOL.
The Unwinding of Pandemic Debt
“How will we pay for this?” is the global policymaker’s multitrillion-dollar effort to prop up economies and markets against the monumental threat of the COVID-19 pandemic.
RIAs Proved Their Worth During March 2020 Meltdown, Study Says
Last year’s swift bear market revealed that “clients working with RIAs tend to sell less and buy more” when markets tumble, according to a new academic paper.
What Is the Social Cost of Carbon?
According to legal scholar and Harvard University professor Cass Sunstein, the social cost of carbon (SCC) is “the most important number you’ve never heard of.”
Fidelity Charitable 2021 Giving Report
Extraordinary circumstances inspired extraordinary generosity in 2020, leading Fidelity Charitable donors to recommend 2 million grants totaling $9.1 billion.
Think Investing Is a Game? Stop.
If you’re not the type of person who feels comfortable betting your life savings on a long shot, the good news is that you don’t have to find the next big stock to win in the stock market.
Is the Recent Outperformance of International Stocks Sustainable?
Since early November, when vaccine trial results were first announced, international has actually outperformed the U.S. by 3.9 percentage points, and we believe this is only the beginning of the rotation.
Sustainability - Net Zero: A Fiduciary Approach
In the past few years, no head of a major U.S. financial institution has been more outspoken about the need for sustainable reform of corporate financial practices than Laurence Fink of BlackRock, one of New Capital's major business partners. Here in 2021, Fink's newest letter is well worth reading to understand the direction that capital and the world is heading.
Are International Equities Poised to Take Center Stage?
A look inside the data reveals that a change may be on the horizon and a globally diversified equity allocation may be rewarded in the coming years.