Woodstock uses pooled investment vehicles for client cash, so we’re watching money market funds. We’re interested to see that of all the categories of investments in the endowment model, private equity seems to be taking an outsized share. And we like to tell Woodstock’s story.
The stock market roared ahead in the first half of 2023, returning +16.9% and defying predictions for another difficult year. The stock market sailed through the demise of four medium-sized banks, a Congressional debt ceiling showdown, higher interest rates, and widespread calls for a recession.
AI has been gradually permeating many aspects of our daily lives. For instance, recommendation engines use AI to suggest merchandise, movies, and music based on what service providers know we already like and what we share in common with other users. AI is used for word suggestion, dictation, language translation, GPS navigation, facial recognition, and fraud detection, to name a few applications. It can read and process forms.
To keep a steady stream of income coming into the US Treasury, your “partner” probably shouldn’t change the rules of the game too many times, should probably be polite and civil, and should probably be fairly clear about what they expect.
We are pleased to shine a well-deserved spotlight on our colleague Julie Phippen, Executive Assistant at our sister company Agawam Trust Company. Julie was recently recognized by the Women’s Federation for Peace USA with their “Her Story Award,” bestowed on her in recognition of her good works with Sewpportive Friends,