Insights

“Economic progress, in a capitalist society, means turmoil.” Joseph A. Schumpeter April was a brutal month for investors. Both equity...

As you most certainly have noticed, financial markets have been correcting through the first four months of 2022. The S&P 500 dropped...

The answer to this question has never been more important. During the first quarter of 2022, we have witnessed several dramatic events...

The S&P is down 5.9% from its highs. My best guess is that we may have another 2%-5% to go with the pullback but, obviously, psychology...

Investors displayed an appetite for risk and volatility in 2021 – a year of social-media-created meme stocks such as AMC Entertainment,...

2021 Year in Review As strange as it may sound given uncertainty over the global pandemic, many of the most important drivers for equity...

Stocks finished another volatile quarter with the market ending little changed. The Standard & Poor’s 500 Stock Index rose 0.6% despite a...

With the S&P 500 Index gaining approximately 20% year-to-date, some clients have expressed concern about whether the U.S. equity move has...

An old Wall Street joke: The stock market has predicted ten of the last two recessions. The stock market is a leading indicator of...

Hopefully, we have built up some “keeping calm” skills in the last year. We are going to need them. We thought lockdowns were tough, but...

Investors are always focused on the prospects for rising inflation. Since the first of the year, the yield on the 10 - year Benchmark...

Looking to 2021 there are several reasons for economic optimism: A Covid-19 vaccine is in the process of delivery. Government stimulus...

2020 Year in Review As I ponder how to describe 2020, I struggle to find appropriate words. Let me begin by borrowing a sentence I used...

December 31st is taking on a lot of significance this year. It is an artificial deadline, but it is also an opportunity to take stock of...

It doesn’t get any easier. Sources of anxiety are coming at us from multiple fronts--the corona virus, politics and issues of social...

Our ability to achieve calmness is rooted in perspective. The current environment poses difficult challenges in finding the right...

On Monday March 23rd, as I sat thinking about my quarterly letter, the Standard & Poor’s 500 Stock Index closed at 2,237.4. Today, as I...

On the surface things seem calm enough. The stock market certainly is showing signs of, if not calmness, at least of stabilization. We...

As we continue to deal with pandemic’s effects, the theme remains the same even as the situation evolves. In the last couple of weeks,...

I hope that you and those close to you have been able to maintain good health and balance during this confusing time of Covid-19. In...