MARKET
COMMENTARY

This quarter’s letter recaps the bumpy first quarter ride and discusses the key market themes impacting your portfolio.

Stock Market Themes Carry into Fourth Quarter The fourth quarter was a mixture of all the investment themes that defined 2021. Consumer...

The highly transmissible delta variant grabbed headlines during the third quarter. Figure 1 shows the number of daily new confirmed Covid-19

Second Quarter Recap & Third Quarter Outlook The reopening pace accelerated during the second quarter. Rising vaccination rates allowed...

First Quarter 2021 Recap & Second Quarter Outlook One-year after the pandemic first struck, the U.S. is making positive progress in...

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...

The most tumultuous year in recent memory ended on a high note for markets as the fourth quarter brought political and medical clarity,...

We hope that this letter finds you safe and healthy during these still-unprecedented times. 2020 continued to be one of the most...

Markets staged a historic rebound in the second quarter driven by an initial peak in the growth of coronavirus infections in April,...

Perspective And Strategies To Consider In Today’s Environment If we look back at past depressions in U.S. history, there are some...