Financial Markets Review The hopefulness surrounding the mid-summer rally has officially dissipated as the S&P 500 closed out September by setting a new year-to-date low and ending down six of... read more →

Financial Markets Review The recovery in equity prices that began in mid-June started to retreat in August. All three major indices – the S&P 500, Nasdaq, and Russell 2000 –... read more →

The first half of the year was the worst since 1970. What now? The first half of the year is now in the books, and with that comes a welcome... read more →

The Fund has a beta1 of 0.62 (3 yrs vs S&P 500).  Do you manage the Fund with an eye toward producing a lower beta, or is that an ancillary... read more →

Does a bumpy start portend a rough year, or an opportunity? U.S. equities broke their quarterly winning streak, declining for the first time since the depths of the pandemic. The... read more →

Financial Markets Review March 14, 2022 The volatility in financial markets that began a little more than 3 months ago took another leg higher in the back half of February... read more →

COVID couldn’t close this party Another remarkable year in the stock market has come to a close. Much of the commentary in these pages will address the uncertainty that lies... read more →

2021 Year in Review 2021 is officially in the books, and what a year it was! Markets shook off meme stock mania in January, February’s deep freeze in Texas, supply... read more →

The Pause that Refreshes? For the first time since January, the S&P 500 experienced a down month. While we certainly don’t celebrate down months, they are welcome from time-to-time. Markets... read more →

The Market Marches Onward and Upward The U.S. stock market continued its relentless move higher. In the previous quarter (March 31, 2021) the S&P 500 Index posted its best 12... read more →