Insights

San Blas Securities continues to expand its Public Finance platform in California and across the country with the addition of Hector Reyes-Erazo as Managing Director, Public Finance. His municipal finance experience and strong commitment to serving issuers with thoughtful capital market solutions strengthens San Blas’ ability to deliver exceptional service to municipalities, public agencies, and institutional clients.

San Blas Securities has appointed Steven Price as Head of Operations to serve as senior operational principal for the firm and its financial advisors. In this role he is responsible for resolving complex trade and operational issues, supporting advisors with day-to-day operational needs, and exercising principal-level judgment on operational and supervisory matters.

San Blas Securities, a leading full-service investment banking, securities and independent wealth management firm headquartered in Chicago and member of FINRA, SIPC and MSRB, today announces the opening of two new branch offices in Grand Rapids and Traverse City, Michigan, led by Robert Hughes, REBC, RHU, LUTCF, AIF, an industry veteran of 35 years.

NEW YORK (May 28, 2025) – San Blas Securities, LLC (“San Blas”), a full-service broker-dealer and registered investment adviser, today announced that industry veteran Chris Pilder has joined the firm as Head of Syndicate within San Blas Capital Markets, the company’s investment banking division.

San Blas Securities, a leading full-service investment banking, securities and independent wealth management firm headquartered in Chicago and member of FINRA, SIPC and MSRB, today announces the opening of a new branch office in San Juan, Puerto Rico.

“One” is a song written by Harry Nilsson and made famous by Three Dog Night, whose recording reached number five on the US Billboard Hot 100 in 1969 and number four in Canada.

The NCAA Division I men’s basketball tournament is underway, with 68 teams now down to 34 by the time we post this. We have never been big on the bracketology that some like to play (we like watching F1 racing), but it’s an obsession for others.

We have all heard the term “threading the needle,” which has multiple meanings. The literal meaning is to guide a piece of thread through the eye of a sewing needle.

Our Chief Investment Officer, Stephen Colavito, was interviewed by Luis Garcia of the Wall Street Journal for a December 21, 2023 article about public market equivalent (PME) methods for comparing private equity fund returns to public benchmarks.

We started writing this last week, but because data was changing rapidly, we paused and decided to post our update mid-week.

A late rally helped the major indexes end flat to modestly higher last week. The small-cap Russell 2000 Index outperformed the S&P 500 Index for the third time in the past four weeks, helping narrow its significant underperformance for the year-to-date period. Growth stocks built modestly on their lead over value shares, however.

Yes, we are going into the “way back machine” to 1981 when Journey released the second single from the group’s seventh studio album Escape In our humble opinion, this is one of the most iconic songs from our high school days, and the way we know this is our kids know the lyrics to this song in 2023. 

The major indexes ended higher last week, with the S&P 500 Index and Nasdaq Composite rounding out their best monthly gains (8.9% and 10.7%, respectively) since July 2020 on Thursday. Falling Treasury yields seemed to continue to boost sentiment, and a broad bond market index recorded its best monthly gain since 1985.

Let’s Make a Deal was a television game show that originated in the US in 1963 (even before our time) and has since been produced in many countries worldwide.

Last week, stocks closed higher over a quiet holiday-shortened trading week—markets were shuttered Thursday during Thanksgiving and closed early Friday

Thanksgiving is our annual national holiday celebrating the harvest and other blessings of the past year.

The major indexes finished mixed last week, but not before the S&P 500 Index came close to matching its longest winning streak in nearly two decades—on Wednesday, the S&P 500 notched its eighth straight gain, while the Nasdaq Composite Index marked its ninth.

“Goldilocks and the Three Bears” was a 19th-century fairy tale with three different versions. The original version of the tale tells of an impudent older woman who enters the forest home of three bachelor bears while they are away.