Mercer Advisors
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Market Commentary

At Mercer Advisors, our investment team publishes regular market commentary designed to help you understand what’s driving markets — from inflation, interest rates, and Federal Reserve policy to geopolitical events and sector-specific risks — without the noise. Our approach emphasizes disciplined, diversified investing rather than reactive portfolio moves, and our commentary reflects that philosophy throughout every market cycle. Explore the latest outlooks, podcast episodes, and CIO insights below.

Market Commentary On-Demand Webinar

Q4 Market Outlook: The Fed, Deficits, Energy, Valuations, and More

Mercer Advisors CIO Don Calcagni and Partner Kara Duckworth break down inflation, the Fed, deficits, AI valuations, and housing in this Q4 market outlook webinar.

Market Commentary Article

AI and Your Portfolio

The rise of artificial intelligence is impacting the financial markets and economy in 5 key ways.

Investment Management Article

The 2026 Midterm Elections and Why Politics and Investing Still Don’t Mix

Many investors have a mistaken instinct that a shift in the balance of power on Capitol Hill will have obvious and significant impacts on one’s portfolio.

Investment Management Article

Insights from Our CIO: Diversify Broadly, Both Across and Within Global Asset Classes

The economic science behind why diversifying broadly across and within global asset classes is a core investing principle at Mercer Advisors.

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Market Commentary Article

Insights From Our CIO: The Iran War’s Impact on Markets Six Months In

CIO Don Calcagni shares an overview of how long-term investors should view the Iran war after six months.

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Market Commentary Podcast

Episode 41: Making Sense of Rising Treasury Yields

David Krakauer, Vice President of Portfolio Management, examines the economic forces that have pushed long-term Treasury yields to the highest level in nearly two decades — and why investors shouldn’t be alarmed.

Market Commentary Article

Making Sense of Rising Treasury Yields

What investors should know about bond prices falling as long-term Treasury yields climb to a 19-year high.

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Investment Management Podcast

Episode 40 – Diversify Broadly, Both Across and Within Global Asset Classes

Don Calcagni, Chief Investment Officer, explains why he pursues the broadest possible diversification in portfolios — and why it’s the second principle of the evidence-based investment philosophy at Mercer Advisors.

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Investment Management Podcast

Episode 39 – Financial Planning Is a Prerequisite to Successful Investing

Don Calcagni, Chief Investment Officer, breaks down why financial planning should be the essential first step to building, sustaining, and transferring wealth.

Investment Management Article

Financial Planning Is a Prerequisite to Successful Investing

At Mercer Advisors, financial planning often serves as the starting point for investing decisions. It is the foundation of our evidence-based investing principles.

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Investment Management Podcast

Episode 38 – The Science of Investing

CIO Don Calcagni unpacks why active investing underperforms, why indexing is a smart start, and how factor investing can improve your long-term returns.

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Investment Management Podcast

Episode 37 – Navigating the Mega-IPOs

Mercer Advisors CIO Don Calcagni explains why most investors should resist IPO hype, stay diversified, and let index inclusion work for them over time.

Market Commentary Article

How SpaceX’s Performance Underscores Our Caution on IPO Investing

SpaceX stock has fallen sharply since its public trading debut, a reminder of why investing around the hype of IPOs can be treacherous.

FAQs
Market Commentary FAQ

Will Mercer Advisors’ investment strategies ever include SpaceX?

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Market Commentary FAQ

What are lockup periods, and why do they matter for IPO investors?

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Market Commentary FAQ

How does Mercer Advisors approach to IPOs differ from simply buying at launch?

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Market Commentary FAQ

Is SpaceX a good company? Does that mean it’s a good investment?

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Market Commentary FAQ

Does Mercer Advisors recommend avoiding IPOs entirely?

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Market Commentary FAQ

I bought SpaceX at the IPO and I’m now sitting on a significant loss. What should I do?

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Market Commentary FAQ

Should I buy SpaceX stock now that it has fallen sharply from its highs?

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Market Commentary FAQ

Why do large IPOs so often see sharp price declines after launch?

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Further Learning

Woman at desk in front of computer
Women & Wealth Article

Financial Planning for Women Business Owners: Beyond the Business

Women business owners may face distinct financial planning challenges. Learn how to coordinate investments, tax, estate, and insurance strategies that go beyond the business.

Multi-generational Family on the Beach
Estate Planning Guide

Dynasty Trusts and Multigenerational Wealth Transfer: A Post-OBBBA Guide

The OBBBA made the $15 million estate tax exemption “permanent.” This guide explores how dynasty trusts, combined with generation-skipping transfer (GST) tax planning and coordinated trust strategies, can help protect and transfer wealth across multiple generations.

Couple talking to advisor
What Clients Ask Guide

How To Choose a Wealth Management Firm at $1M-$10M: The Complete Guide

Learn how to choose a wealth management firm: Discover the questions to ask, fee structures, fiduciary standards, and integrated solutions that can help protect and grow your wealth.

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Investment Management Guide

The Concentrated Stock Diversification Guide: 9 Strategies Compared

Compare nine concentrated stock diversification strategies to help make informed decisions.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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