What was the most significant story or information this past quarter? Well, it all depends on who you ask and there were a lot of topics to focus on. Get our perspective in our 3rd quarter newsletter. Click here.
Another 6-months to the calendar year. Where does the time go? With just 2 quarters left until the end of 2021, we’re all familiar with the challenges before us. You’ll find the 2nd Quarter newsletter, here.
The first 3 months of 2020 has been nothing short of astounding.
Leading Investors, our corporate newsletter, can be found here.
The Investment Policy Committee has placed into perspective the various events taking place here and around the world. Please click here for the Capital Market Update–February 2020
Half the year has come to pass with 2 more quarters to come. Market commentaries and other news can be found in our most recent newsletter. You’ll note on the front page, we’ve been selected by Financial Times as one of the top registered independent advisors in the country. For the 4th straight year, we’re honored to be recognized on the FT300. Please click here.
We’re aware of the volatility and swings involved, yet in spite of the negative aura, we still remain focused on the fundamentals. Click here for the most recent commentary.
The first quarter of the year has been a bit of a see-saw. Our portfolio managers on the Investment Policy Committee has an overview in their Capital Market Update commentary.
We recently saw some sharp, downward move in stocks. While the absolute numbers are historic, the percentage change is quite modest. In point of fact, we have just started to resemble a ‘normal’ market.
While this might be disconcerting to some, we don’t see it that way. A market in a relentless uptrend is unhealthy. A market with some volatility will give us the opportunity to invest some of your cash in stocks at better prices. We prefer to buy ‘on sale.’
The underlying fundamentals are healthy. The 2017 earnings reports are coming in very strong. Interest rates, while rising, are still extremely low by historic measures. Inflation is under control. The only thing that worried us was valuations. A quick, sharp downturn will present some opportunities.
This pullback is healthy, and will help sustain a healthy market longer term than the abnormal run-up we experienced over the past several years.
What a year this has been! Our 2017 4th Quarter Newsletter sums it up and can be read here.