[{"data":1,"prerenderedAt":75},["ShallowReactive",2],{"insight-check-ins/october-2025":3,"checkin-check-ins/october-2025":4},null,{"id":5,"title":6,"body":7,"cartoon_image":58,"date":66,"description":58,"extension":67,"meta":68,"navigation":69,"path":70,"seo":71,"stem":72,"subtitle":73,"__hash__":74},"checkIns/check-ins/october-2025.md","Wonders in West Texas",{"type":8,"value":9,"toc":57},"minimark",[10,14,19,23,26,30,33,36,40,43,47,50,54],[11,12,6],"h1",{"id":13},"wonders-in-west-texas",[15,16,18],"h2",{"id":17},"market-overview","Market Overview",[20,21,22],"p",{},"October delivered a reminder that markets don't always follow the script. While the S&P 500 gained 2.1% for the month, the real story was beneath the surface — a rotation from growth to value, and a renewed interest in real assets.",[20,24,25],{},"Energy stocks led the charge, driven by supply constraints and seasonal demand patterns. The energy sector gained 6.3% in October, its best month since spring.",[15,27,29],{"id":28},"the-west-texas-story","The West Texas Story",[20,31,32],{},"We recently had the opportunity to visit several of our real estate and energy partners' operations in West Texas. What we saw reinforced our conviction in tangible, income-producing assets.",[20,34,35],{},"The Permian Basin continues to be the engine of American energy independence. For our clients invested in energy infrastructure and Opportunity Zone developments in the region, the on-the-ground reality matches the investment thesis.",[15,37,39],{"id":38},"portfolio-impact","Portfolio Impact",[20,41,42],{},"Real assets — including energy infrastructure, private real estate, and Opportunity Zone investments — served as ballast this month. While tech-heavy portfolios gave back some gains, diversified portfolios with real asset exposure held steady.",[15,44,46],{"id":45},"looking-ahead","Looking Ahead",[20,48,49],{},"As we approach year-end, our focus shifts to tax planning. Roth conversions, tax-loss harvesting, and charitable giving strategies are front and center. If you haven't scheduled your year-end planning review, now is the time.",[15,51,53],{"id":52},"bottom-line","Bottom Line",[20,55,56],{},"October was a good month to own real things. We continue to believe that a portfolio built for this chapter of life needs more than stocks and bonds — it needs assets that produce income, hedge inflation, and provide optionality.",{"title":58,"searchDepth":59,"depth":59,"links":60},"",2,[61,62,63,64,65],{"id":17,"depth":59,"text":18},{"id":28,"depth":59,"text":29},{"id":38,"depth":59,"text":39},{"id":45,"depth":59,"text":46},{"id":52,"depth":59,"text":53},"2025-10-24","md",{},true,"/check-ins/october-2025",{"title":6,"description":58},"check-ins/october-2025","Energy, infrastructure, and opportunity","Rb-S7O2z37eV6Gx4r-WuwfouLfBlKAcFmnaSnSLrPaM",1776569583741]