Client Communications

The current bout of price volatility in the financial markets reminds us of March 2020 during the onset of Covid where we saw the market averages decline 30-35% in a matter of weeks. Although the current environment is not nearly close to that experience percentage wise, it can still be quite unsettling during the short […]

It is becoming more evident each month that our world may never be the same as it was a mere two years ago. The arrival of the COVID 19 virus and its mutation into the Delta virus and most recently Omicron seem to take us back one step for each that we’ve moved forward. Although […]

It is said that long term secular bull markets in stocks last 15 to 20 years.  The previous runs lasted from 1949 to 1966 and from 1982 thru 2000.  Of course, these periods were not without interruptions of short-term corrections along the way. The current bull market started in March of 2009 as suggested by […]

“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 […]