March 2018
Early in the First Quarter, the stock market continued its streak of historically low volatility and positive momentum that was characteristic of 2017. Leadership was
March 31, 2018
Early in the First Quarter, the stock market continued its streak of historically low volatility and positive momentum that was characteristic of 2017. Leadership was
When we wrote our year end 2016 transmittal, we were convinced that tax cuts would provide significant stimulus to the US economy. We did not
For our quarterly market commentary, it is not common practice to begin with a discussion of geo-politics, but given developments in the Third Quarter, we
Long term investors must accept the vicissitudes of market cycles in order to capitalize on opportunities. Unpredictability generates a constant tension between short term technical
We have mentioned in numerous communiqués, including at our recent Investment Symposium, that the stock market’s performance since the election has been fueled by prospects
Following a year in which the price of oil increased more than 100%, we enter 2017 with the expectation that wild swings in asset prices
After November 8, 2016, the markets will focus on a singular remaining uncertainty for 2016 – i.e., the Federal Reserve’s Open Market Committee’s (“FOMC”) policy
The market impact of “Brexit”, a national referendum on June 24th in Great Britain, was immediate and severe. Stock markets sold off dramatically in response
At our 7th Annual Investment Symposium on March 3rd, we discussed several long term themes in the context of the title of our program: “Changes; Transitions
After six years of attractive returns, markets proved frustrating for investors in 2015, as neither stocks nor bonds outperformed cash on a price basis. A