Market Commentary

Q4-23 - Patience & Resilience: How We Got Through a Year Driven by AI & Interest Rates

The two driving forces in capital markets in 2023 were artificial intelligence and interest rates. The first three quarters of the year, the market could best be described as a case of the “haves” and the “have nots”.

Q3-23 - Interest Rates and Artificial Intelligence: Two Competing Themes Driving Capital Markets

Learn more about the two competing themes driving capital markets in Q3 2023, interest rates & artificial intelligence.

Q2-23 - Just Like the 4th of July Stocks Closed Out the 1st Half of the Year with Fireworks

As we head into the second half of the year, the looming question is whether the U.S. economy and the stock market can continue to outrun the bearish sentiment and daily deluge of economic indicators that suggest a slow down not only is likely, but imminent.

Q1-23 - No Peaks, No Valleys: Sage Advice From My Father

Yields on short-term instruments are the highest they have been since 2005-2007, when you regularly saw your checking account yielding around 5%.

Q4-22 – The New Normal Came in a Year Where There Was Nowhere to Hide

Fixed income, the traditional ballast of the portfolio, went from shock absorber to shock contributor. Over a decade of low-interest rates and low inflation left traditional fixed income vulnerable to a rise in interest rates.

Q3-22 – This Time Wasn't Different:
Facing the Backlash of a Pandemic

The most infamous words in finance are: this time is different. These four simple words are uttered in almost every economic, business, and investing cycle to justify valuation or price largesse of the current “darling” of the investment world.

Q2-22 – Bad Markets Don’t Last Forever:
Keeping Perspective Amid Market Volatility

When the books closed on the first half of 2022, we as investors found ourselves off to the worst six months in the equity market since 1970, but it isn't all bad; it's all about perspective.

Q1-22 – Revenge of the Volatility

The first quarter of 2022 reminded investors, market participants, and commentators that volatility in capital markets is still a very real part of investing.