Institutional sophistication. Individual attention.
The S&P 500 peaked at a record 4536.95 on September 2. But chaos in Washington and troubles in China have put a cap on stock prices, at least for the moment. The S&P 500 was barely positive for the quarter but is up
Stocks rallied back sharply during the second quarter, exceeding most expectations and mystifying some of the world’s most successful investors (including Stan Druckenmiller) who admit being left in the dust. But the market remains slightly lower for the year. We have navigated
As you know, the stock market has sometimes moved more in a day recently than in an entire year. The 30 percent drop beginning on February 19 was the fastest ever according to Bank of America, and the worst quarter for the
Given the pace of change and market volatility we thought it prudent to give you another update. Importantly, over time we have been through many crises. Economic cycles, wars, terrorist attacks, oil embargos, and even previous disease outbreaks have caused distress in
As you probably know, the market selloff was sudden and swift. We managed the downside reasonably well. We employ automatic sale triggers on a limited basis in case of events like this. In particular, we trimmed our exposure to stocks in the
The stock market had its best year since 2013. The sharp selloff of December 2018 seems like a distant memory. The market had only two down months in 2019. Technology stocks led the way, but interest rate sensitive stocks and consumer staple
Despite speculation about a possible recession on the horizon, the stock market held its own in the quarter ended September 30. The usual fears – a seasonally weak period, inverted yield curve and perhaps negative interest rates, declining world trade and other
The stock market ended the quarter near a record high, and so did your account. On the other hand, although we are near all-time highs, the market isn’t far from where it was eighteen months ago. It goes up on good economic
The mini-panic of the last quarter of 2018 seems like a distant memory as 2019 witnessed the best start for the S&P 500 in over 20 years. The bad things that were supposed to happen early this year, notably Fed rate hikes
The stock market began 2018 with a bit of euphoria in January accompanied by many presidential tweets that seemed to tempt fate. After one mid-winter scare it drifted modestly higher until mid-October, and then abruptly accelerated to the downside culminating with December