2018 Q4 Market Letter
2018 Q3 Market Letter
2018 Q2 Market Letter
2017 Q4 Market Letter
2017 Q3 Market Letter
2017 Q2 Market Letter
2016 Q3 Market Letter
An unusually “quiet” August spawned new highs for U.S. stocks, but recent softness in economic data amid a contentious election season has given investors pause. Fundamentally, earnings have declined for five straight
2016 Q2 Market Letter
Great Britain threw investors a curve ball with its vote to exit the 28-nation European Union. Leading up to the vote, equities and commodities strengthened in anticipation of just the opposite outcome, so the reaction in asset prices after the vote was predictable —stocks and commodities fell while bonds and gold rose.
2016 Q1 Market Letter
What began as the worst start ever for stocks in early 2016 morphed into a market that recouped its early innings damage. As depicted in the accompanying chart, similarities between corrections observed last August and what just occurred are striking. In both cases, blue chip U.S. stocks fell by 12-13 percent because of growth scares emanating from China.
2015 Q3 Market Letter
Concerns about flagging growth in China and the implications for a global economy already experiencing slow expansion led to a broad equity sell-off last quarter. The correction in the S&P 500 was arguably overdue since the U.S. had gone nearly four years without declining by 10 percent or more.
2015 Q2 Market Letter
Economic growth in the first half of the year was depressed by a severe winter, the west coast port strike and a plunge in oil companies’ capital spending. However, these temporary conditions have largely passed and led by housing, the economy is now clearly emerging from
2015 Q1 Market Letter
Volatility aside, 2015 is playing out much the way we anticipated. Europe’s central bank has graduated from talking about quantitative easing (QE) to actually delivering on it, and with $1.1 trillion of bond purchases planned for the next 18 months, markets
2012 Q2 Market Letter
2012 Q3 Market Letter
2012 Q1 Market Letter
First Quarter 2012 – Outlook for 2012 by George Hosfield, Fixed Income by Marc Fovinci, Municipal Bonds by Deidra Krys-Rusoff, REITs by Ralph Cole, Dividend Value by Jason Norris, Strategic Opportunities by Dean Dordevic, International by Ralph Cole, Alternative Investments by Dean Dordevic.
2011 Q3 Market Letter
Third Quarter 2011 – Looking Back and Forward by George Hosfield, “China Derailed” by Dean Dordevic, Mindful Reminders by Mary Faulkner, Investment Strategies: Large Cap Div Val by Jason Norris, It’s Never Too Early to Start Tax Planning by Mark Kralj and New Look and Functionality for Our Website by Natalie Miller and Shawn Swagerty.
2011 Q2 Market Letter
2011 Market Letter Q1
2011 Q1 Market Letter
First Quarter 2011 – Looking Back and Looking Forward by George Hosfield, “Rough Rice II: Fat Tails Wag the Dog” by Dean Dordevic, Mindful Reminders by Mary Faulkner, Municipal Bonds by Deidra Krys-Rusoff, Client Balance Sheet by Nathan Ayotte, Delivering our Investment Outlook: Events and Videos by Natalie Miller.