News and commentory

Upcoming Event

Join us for our discussion on financial markets, and hear about the opportunities and risks that are present in the market today. We will highlight the latest Virginia Beach Connections, featuring a special guest, Christian Heck, Portfolio Manager and Senior Research Analyst, at First Eagle.


Kindly RSVP by Monday, March 4th

A member of our team will then be in touch with meeting information.


RSVP Link

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Street SMARTS: Q1 Commentary 2024 | Cary Street Partners

Street SMARTS: Q1 Commentary 2024 | Cary Street Partners

In Chief Market Strategist Tom Herrick's new Street SMARTS series, he goes in depth about market observations and trends, offering valuable insight on the...

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March 2024 Monthly Update | Cary Street Partners

March 2024 Monthly Update | Cary Street Partners

Markets were generally favorable over the course of February. The S&P 500 Index has advanced 5.34% since the end of January.

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Virginia Beach Connections 4Q23 | Cary Street Partners

Virginia Beach Connections 4Q23 | Cary Street Partners

At the beginning of 2023, many analysts were expecting a recession in the economy with the only debates being how severe. Few were expecting the economy and markets to be as resilient as they proved in 2023. This was exhibited by the S&P 500 returning 26.29%, including dividends. International markets, as represented by the MSCI EAFE, rebounded from a subpar 2022, with an 18.85% return in 2023.

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February 2024 Monthly Update | Cary Street Partners

February 2024 Monthly Update | Cary Street Partners

Markets unsurprisingly consolidated over the course of the last month. Unsurprisingly is the operative phrase given the strong nine week run that risk assets...

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Asset Management Viewpoints: The Right Vintage of Private Credit | Cary Street Partners

Asset Management Viewpoints: The Right Vintage of Private Credit | Cary Street Partners

Cary Street Partners Chief Market Strategist Tom Herrick sees the opportunities in investing in private credit.

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Asset Management Viewpoints: Breadth Breakout | Cary Street Partners

Asset Management Viewpoints: Breadth Breakout | Cary Street Partners

Cary Street Partners Chief Market Strategist Tom Herrick sees hints of breadth expansion in 2024's equity performance.

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2024 Market Outlook | Cary Street Partners

2024 Market Outlook | Cary Street Partners

Explore the trends and forecasts shaping the market landscape and gain valuable insights with our market outlook for 2024.

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November 2023 Monthly Update | Cary Street Partners

November 2023 Monthly Update | Cary Street Partners

The November Monthly Update takes a close look at 10-year yields and explains how "the beatings will continue until morale improves."

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Virginia Beach Connections 3Q23 | Cary Street Partners

Virginia Beach Connections 3Q23 | Cary Street Partners

Stay seated... seat belts on... there will be turbulence! The market, as measured by the S&P 500, was up over 15% halfway through the year and is currently up 13.07% as of 9/30/23.

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Asset Management Viewpoints: Mortgages—Home to Opportunities | Cary Street Partners

Asset Management Viewpoints: Mortgages—Home to Opportunities | Cary Street Partners

Cary Street Partners Chief Investment Officer Tom Herrick expounds how current mortgages offer opportunities for investors.

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3rd Quarter 2023 Commentary | Cary Street Partners

3rd Quarter 2023 Commentary | Cary Street Partners

Q3 2023 Financial commentary from Cary Street Partners' CIO, Thomas Herrick talks about the gravitational pull of higher yields and more.

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Asset Management Viewpoints: Time for Small Caps | Cary Street Partners

Asset Management Viewpoints: Time for Small Caps | Cary Street Partners

Cary Street Partners Chief Investment Officer Tom Herrick talks cap comparisons and explains why it's time for small caps.

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Cary Street Partners Named to Barron’s List of 2023 Top 100 RIA Firms in the United States | Cary Street Partners

Cary Street Partners Named to Barron’s List of 2023 Top 100 RIA Firms in the United States | Cary Street Partners

For a fourth consecutive year, Cary Street Partners has been named to the Barron’s List of 2023 Top 100 RIA Firms.

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Artificial Intelligence: The Fourth Industrial Revolution? | Cary Street Partners

Artificial Intelligence: The Fourth Industrial Revolution? | Cary Street Partners

Artificial intelligence — is it being over-hyped? Or could it really have profound economic and societal implications?

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Virginia Beach Connections 2Q 2023 | Cary Street Partners

Virginia Beach Connections 2Q 2023 | Cary Street Partners

Surprise... surprise... Markets are up! There was a lot of pessimism at the beginning of the year, as 2022 was a negative year for stocks and bonds. There was also the overhang of the Fed's historic rate increases, the debt ceiling, the Ukrainian invasion and mounting geopolitical tensions with Russia and China.

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August 2023 Monthly Update | Cary Street Partners

August 2023 Monthly Update | Cary Street Partners

Epic dis-inflation. That is the short answer regarding what has been driving markets since last October.

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2nd Quarter 2023 Commentary | Cary Street Partners

2nd Quarter 2023 Commentary | Cary Street Partners

Q2 2023 Financial commentary from Cary Street Partners' CIO, Thomas Herrick includes market review and second half outlook.

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June 2023 Monthly Update | Cary Street Partners

June 2023 Monthly Update | Cary Street Partners

Tom Herrick, Cary Street Partners' Chief Investment Officer, talks FOMC policy, volatility, and yields in his June 2023 financial commentary.

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May 2023 Monthly Update | Cary Street Partners

May 2023 Monthly Update | Cary Street Partners

Tom Herrick, Cary Street Partners' Chief Investment Officer, explains how money growth leads inflation in his May 2023 financial commentary.

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The Fed is Starting to Break Banks | Cary Street Partners

The Fed is Starting to Break Banks | Cary Street Partners

There is an expression on Wall Street that the “Fed raises rates until something breaks.” Well, something broke in March: Silicon Valley Bank and Signature Bank failed, and a host of regional banks came under stress, First Republic being the poster child of the latter group.