The latest federal government shutdown offers another reminder that Washington’s dysfunction can create market noise, even when the underlying economy remains resilient.

When a rate cutting cycle begins with equities near record levels, many investors ask if the rally is out over its skis. But history points in a different direction.

In recent years, financial advisors and HNW investors have grown increasingly interested in alternative investments (private equity, private credit, real estate, infrastructure, etc.) as tools to complement traditional portfolios composed of stocks, bonds, ETFs, and mutual funds.

Over the last decade, the rise of passive investing reshaped the investment landscape, fueled by low-cost index funds and historically narrow market leadership.