Quarterly Commentary: First Quarter 2021

We celebrate entering spring hopeful that COVID’s worst blows are behind us, with renewed optimism from the fruits of fiscal and monetary support, and progress toward reaching herd immunity. As... Read More

Quarterly Commentary: Q2 2020

Before we delve into our quarterly commentary, we want to express our continued sympathy for those who have been affected, either directly or indirectly, by Covid-19, as well as our... Read More

Quarterly Commentary: Q1 2020

Life disrupted! We hope this letter finds you well and in good spirits as we weather these unprecedented global events. On December 31, 2019, the World Health Organization (WHO) first... Read More

Quarterly Commentary: Q4 2019

Stock markets in the U.S. rallied in the 4th quarter capping off a strong 2019 against the backdrop of the longest economic expansion on record. The strength of the U.S.... Read More

Quarterly Commentary: Q3 2019

In the third quarter, the US economy remained on track despite ongoing weakness in manufacturing and uncertainty surrounding US-China trade negotiations. Healthy job creation, rising wages, and positive consumer sentiment... Read More

Quarterly Commentary: 2Q 2019

The first half of 2019 was mostly positive for equity markets, which recovered quite nicely from the decidedly negative fourth quarter in 2018. These favorable results are despite a highly... Read More

Quarterly Commentary: Q1 2019

What a difference a quarter can make! During the last quarter of 2018, we witnessed the return of market volatility, with equities around the globe experiencing substantial declines as the... Read More

Quarterly commentary: December 2018

In the final quarter of 2018, the economy and the markets downshifted, as several economic cracks surfaced in areas like housing and auto loans, while concerns over Fed tightening and... Read More

Quarterly commentary: October 2018

U.S. economic growth and stock market performance for the third quarter of 2018 was more or less a continuation of the previous quarter. Strong corporate earnings helped U.S. stocks move... Read More