Apr 5Recapping the Bumpy 1Q 2022 RideThis quarter’s letter recaps the bumpy first quarter ride and discusses the key market themes impacting your portfolio.
Jan 5Fourth Quarter Recap & First Quarter OutlookStock Market Themes Carry into Fourth Quarter The fourth quarter was a mixture of all the investment themes that defined 2021. Consumer...
Oct 6, 2021Delta Variant Signals the Pandemic’s Continued GripThe highly transmissible delta variant grabbed headlines during the third quarter. Figure 1 shows the number of daily new confirmed Covid-19
Jul 6, 2021Economic Rebound Continues as Economy ReopensSecond Quarter Recap & Third Quarter Outlook The reopening pace accelerated during the second quarter. Rising vaccination rates allowed...
Apr 12, 2021Pandemic Passes One-Year Anniversary MarkFirst Quarter 2021 Recap & Second Quarter Outlook One-year after the pandemic first struck, the U.S. is making positive progress in...
Feb 17, 2021Irrational Exuberance: 25 Years RevisitedThe Robin Hood of Sherwood Forest who most of us grew up reading about in Aesop’s Fables, was infamous for robbing the rich to provide...
Jan 6, 2021Vaccine Optimism Paves the Way for a Historic Comeback in 2020The most tumultuous year in recent memory ended on a high note for markets as the fourth quarter brought political and medical clarity,...
Oct 2, 2020Optimism Drives Stocks to New Highs Amid Uncertainty in the 3rd QuarterWe hope that this letter finds you safe and healthy during these still-unprecedented times. 2020 continued to be one of the most...
Jul 2, 2020Market Rallies in the Face of COVID Crisis and Massive UnemploymentMarkets staged a historic rebound in the second quarter driven by an initial peak in the growth of coronavirus infections in April,...
May 15, 2020Are We Headed For a Depression?Perspective And Strategies To Consider In Today’s Environment If we look back at past depressions in U.S. history, there are some...