“People always sound smarter when they are bearish.  It’s always the skeptic who points out how the world is going to ruin that is considered a sage, but when you really look at the data…the world continues to get better.” – Chris Davis (President, Davis Advisors). How fitting this quote is as we reflect on […]

Dear Friends, As we enter the Christmas holiday season we give thanks for the client relationships made over the years and appreciate both your business and friendship. We have always prioritized the wellbeing of our clients.  This year during the Covid Pandemic is no different.  After much thought, and out of concern for the health […]

In our last communication in August we explained how pessimism was driving major selling of stocks held by both individuals and pros alike.  Nearly $1 trillion was shifted to cash in March and April which pushed total cash on the sideline to almost $5 trillion. Recent market trading may be signaling a change in investor […]

“There’s a battle outside and it’s ragin’. It’ll soon shake your windows and rattle your walls, for the times, they are a-changin’!” These lyrics from the 1963 song recorded by Bob Dylan sum up the last six months as much as they did when they were written. It boggles the mind how so much has […]

Since our last communication in March which touched on the potential impact of positive news on equity markets, the U.S. financial markets have staged a dramatic recovery coinciding with the gradual positive developments on the coronavirus and economic fronts. Although there is still a considerable amount of ground to make up to reach the previous […]

The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 was signed into law by President Trump on Friday, March 27th after several days of tense negotiations within Congress. The Act is an estimated $2 trillion package including nearly $500B in individual rebate checks, another $500B for support of several severely damaged industries, nearly […]

As the political climate here in the United States remains bitterly partisan resulting in the Senate unable to pass the emergency stimulus bill, the world stock markets are reacting with extreme volatility to this uncertainty, as the markets hate uncertainty. Once some form of a stimulus package is agreed upon and passed, chances are we […]

Dear Clients, This past Sunday, Ohio Governor Mike Dewine instituted a “Stay at Home” order requiring all non-essential workplaces to cease operations as of 11:59pm tonight. Lesjak Planning offices, deemed an essential workplace by the order, will remain open to address your ongoing service needs while also maintaining our daily operations. Our ongoing monitoring and […]

(This is an update to a communication we provided to clients in October of 2008 in the midst of the Financial Crisis and found it quite appropriate for current times.) At the most volatile and fearful time of an equity market decline, an investor is left with two choices: a.) Liquidate equity positions and move […]

The U.S. Government, along with other governments around the world, is taking unprecedented steps in hopes of containing the Coronavirus and its impact on our society. Social distancing strategies are effectively grinding the economy to a halt as individuals and families forego most discretionary spending and businesses adjust to altered workforces. A by-product of these […]