Looking Back at a Rocky First Half of 2022
2Q 2022 Recap & 3Q 2022 Outlook Financial markets remained unsettled and volatile during the second quarter. The stock market’s trend...
- Apr 5
Recapping the Bumpy 1Q 2022 Ride
This quarter’s letter recaps the bumpy first quarter ride and discusses the key market themes impacting your portfolio.
- Jan 5
Fourth Quarter Recap & First Quarter Outlook
Stock Market Themes Carry into Fourth Quarter The fourth quarter was a mixture of all the investment themes that defined 2021. Consumer...
- Oct 5, 2021
Delta Variant Signals the Pandemic’s Continued Grip
The highly transmissible delta variant grabbed headlines during the third quarter. Figure 1 shows the number of daily new confirmed Covid-19
- Jul 5, 2021
Economic Rebound Continues as Economy Reopens
Second Quarter Recap & Third Quarter Outlook The reopening pace accelerated during the second quarter. Rising vaccination rates allowed...
- Apr 11, 2021
Pandemic Passes One-Year Anniversary Mark
First Quarter 2021 Recap & Second Quarter Outlook One-year after the pandemic first struck, the U.S. is making positive progress in...
- Feb 17, 2021
Irrational Exuberance: 25 Years Revisited
The 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, 2021
Vaccine Optimism Paves the Way for a Historic Comeback in 2020
The most tumultuous year in recent memory ended on a high note for markets as the fourth quarter brought political and medical clarity,...
- Oct 1, 2020
Optimism Drives Stocks to New Highs Amid Uncertainty in the 3rd Quarter
We hope that this letter finds you safe and healthy during these still-unprecedented times. 2020 continued to be one of the most...
- Jul 1, 2020
Market Rallies in the Face of COVID Crisis and Massive Unemployment
Markets staged a historic rebound in the second quarter driven by an initial peak in the growth of coronavirus infections in April,...