In addition to analyzing recent financial market performance, we discuss: Our economic forecast for 2019 calls for slower growth than in 2018 but we see no signs of a recession A reiteration of our investment decision making process and how it differs from chasing speculative fads Keeping recent market declines in perspective (the S&P declined
Read MoreIn this commentary we discuss the strong equity returns in the third quarter, the relative stability of both oil prices and interest rates during the quarter, and our current thoughts on equity valuations and the continued strong economic growth. Read the full 2018 Q3 Market Commentary for more… 2018 Q3 Market Commentary
Read MoreIn this commentary we discuss the more normalized market environment during the second quarter, the continued increase in oil prices, and our thoughts on tariffs and trade. We focus on the widespread economic strength which, combined with low inflation, reinforces our belief that the bull market in equities can continue for quite some time. Read
Read MoreIn this commentary we discuss the return of volatility to the markets during the first quarter, the Federal Reserve’s expected path on interest rates, and continued growth in both sales and earnings for corporate America. While some investors lament volatility, we had cautioned many times that 2017 was an aberration with extremely low volatility. We
Read MoreIn this commentary we review the strong equity returns for 2017 along with the changes in corporate tax rates that should provide further support for stock prices. Many commodities including oil have reached multi-year highs, another signal of synchronized global economic growth. We enter 2018 expecting double-digit earnings growth, modestly higher interest rates and an
Read MoreKey points in the market commentary include the latest actions and comments by the Federal Reserve, continued low volatility in equity markets and a look at geopolitical events to monitor. Read the full 2017 Q3 Market Commentary for more… 2017 Q3 Market Commentary
Read MoreKey points in the market commentary include the market’s nearly straight up move of 36% since February of 2016, the Federal Reserve and its efforts to normalize both interest rate and its balance sheet, along with potential risks to the US economy and equity markets. Read the full 2017 Q2 Market Commentary for more… 2017
Read MoreKey points in the market commentary include the recent Federal Reserve hike in interest rates, continued positive news on the US economy and some potential headwinds facing US equity markets. Read the full 2017 Q1 Market Commentary for more… 2017 Q1 Market Commentary
Read MoreKey points in the market commentary include the 2016 election and subsequent market returns, our thoughts on a Trump presidency, and a “back in the news” Federal Reserve. Read the full 2016 Q4 Market Commentary for more… 2016 Q4 Market Commentary
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