Quarterly Commentary

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2020 Year-End Newsletter and Outlook

2020 proved to be a year of challenge. In the space of twelve months, we experienced an impeachment trial, a global pandemic, a deep recession …

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2020 Third Quarter Report & Outlook

My comments are focused on the next three months. I’ve provided links to articles that expand on my views. There is a lot of near-term …

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2020 Second Quarter Report & Outlook

The investment strategy I am currently pursuing on your behalf is based on two questions: What is the probable financial outcome given both America’s and …

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COVID-19 and Its Economic Repercussions

COVID-19 and Its Economic Repercussions As you might imagine, I often find myself working late these days (some of you can attest to this because …

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2019 Year End Newsletter and Outlook

2019 Year End Newsletter and Outlook Despite a trade war and recession fears, 2019 was a blowout year for risk taking. Long-term bonds and stocks …

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The Implications of an Ultra-low Yield World

The Implications of an Ultra-low Yield World This quarter’s newsletter addresses two issues; large cash balances in client accounts and the challenges investors face in …

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