Market Commentary: 3Q 2021

Posted July 23, 2021
The US Economy:  Will it be too hot, too cold, or just right? At first glance, the information we consider in evaluating whether the economy will be “too hot, too cold, or just right” appears to be confusing.  Depending on what data you focus on,...
READ MORE

Market Commentary: ALL ABOARD!

Posted April 12, 2021
April 12, 2021 THE US ECONOMY What a difference a year makes.  After some glitches early on, the vaccine roll-out in the United States appears to be going well, especially when compared to the roll-out in the great majority of other countries.  As the US...
READ MORE

Market Commentary: A Year Like No Other

Posted January 19, 2021
January 19, 2021 First, and most importantly, we hope you are safe and doing well, and we look forward to being able to see many of you in person in 2021. Since March, financial markets and the global economy have been dominated by the spread...
READ MORE

3Q 2020 Market Commentary

Posted October 19, 2020
October 19, 2020 If, on December 31, 2019, we were told that the total return on the S&P 500 for the first three quarters of 2020 would be 5.57% (which is what it was), many would have concluded that 2020 would be a relatively normal/uneventful...
READ MORE

A Stalling Recovery?

Posted July 29, 2020
July 28, 2020 After the S&P 500’s downturn, culminating on March 23rd, it rallied 43.36% reaching its post-COVID high on June 5th. Since that time, the index has been essentially flat.
READ MORE

The Stock Market and the Economic Recovery

Posted June 11, 2020
June 08, 2020 Ending on June 3rd, the S&P 500 had the biggest 50-day rally in its history, gaining 37.7% over that period, and the NASDAQ Composite Index set a new all-time high on June 7th. As of the date of this letter, every stock...
READ MORE

The End of the Bull Market

Posted March 16, 2020
March 13, 2020 First, and most importantly, we hope you are doing well and staying safe. The longest bull market in the history of US equities came to an end this week as the S&P 500 fell more than 20% from its peak in breathtaking...
READ MORE

The Coronavirus and Markets

Posted February 25, 2020
February 25, 2020 In the last several days, fears about the Coronavirus spreading have resulted in a “risk off” environment in financial markets:  equity markets globally have lost value and US Treasury prices have risen.  As of the time of this letter, on February 25th,...
READ MORE

Expanding the Accredited Investors Pool

Posted February 24, 2020
Will the definition of what it means to be an accredited investor change in the near future?   In December of 2019, the SEC voted to propose an amendment that would allow a greater number of individuals and institutions to qualify as accredited investors—increasing the eligible...
READ MORE

Market Update: 2019 Recap and 2020 Outlook

Posted January 16, 2020
Best wishes for a happy, healthy, and prosperous New Year.  As 2020 begins, we wanted to provide you with: (1) a 2019 financial market review, (2) a snapshot of where we are currently, and (3) some thoughts going forward. 
READ MORE