Jul 7, 2020 | Quarterly Reviews
2020 First Half Review and Outlook In a sign that the stock market is forward looking, the S&P 500 Index returned 20.54% in the second quarter. This large return happened despite an almost complete shutdown of the economy due to coronavirus and one of the sharpest...
Apr 2, 2020 | Quarterly Reviews
2020 First Quarter Review and Outlook During the first quarter of 2020, the S&P 500 tumbled 35% from an all-time high. The February drop in the market was faster and deeper than the crashes of 1987 and 1929. The coronavirus has disrupted the global economy and...
Mar 12, 2020 | Quarterly Reviews
Market Update Save as PDF In our year end letter, we cautioned that clients should be emotionally prepared for a decline of close to 20%. Due to a risk that was so unexpected that it wasn’t even considered a possibility the market has dropped over 20% for the year....
Jan 8, 2020 | Quarterly Reviews
2019 Review and 2020 Outlook Save as PDF Most major asset classes generated excellent returns in the fourth quarter. In 2019, the S&P 500 provided one of the largest returns in history. A temporary trade truce with China combined with an accommodative Federal...
Oct 8, 2019 | Quarterly Reviews
2019 Third Quarter Review and Outlook Save as PDF The third quarter saw increased volatility with the bond market providing great returns then the stock market. For the first time since 2016, value stocks outperformed growth stocks. In the fourth quarter, we expect...
Jul 11, 2019 | Quarterly Reviews
2019 First Half Review and Outlook Save as PDF The S&P 500 index overcame increased Chinese tariffs, threats of Mexican tariffs and a slowing economy to finish the second quarter up 4.6%. For the first half of the year the S&P 500 index returned 19.56%. At...
