Client Communications

As the year 2018 comes to a close, we reflect back on the past forty years that we have witnessed first hand in this investment business.  What stands out most vividly in memory were the major declines.  Most of us that experienced the “crashes” in 1987, 1990, 2002, and 2008 would agree that in each […]

The term “climbing a wall of worry” has been used for decades to describe how stock markets continue to rise in value as negative events, both domestic and worldwide, dominate the news.  This seems to be the case this year as negative news monopolizes our daily lives including:  tariff threats with our international trading partners, […]

As we pass the midpoint of 2018, cross currents are evident in every market sector as well as worldwide which continues to keep investors on the sidelines.  Even professional money managers have cash holdings in excess of the 10 year average.  It seems as if the overwhelming consensus is that the equity markets are bound […]

Markets reached new all-time highs in January with almost non-existent volatility that lasted over fifteen months.  Money flowed into stock investments in record numbers as the new year began.  It all changed abruptly. Attention changed overnight from good corporate earnings, low unemployment, and a steady economic growth rate to inflation, rising interest rates, and a […]

The economy here in the States, as well as the rest of the developed world, continues to improve. In the fourth quarter of 2017, 70% of all companies reporting beat their earnings forecasts and nearly 72% beat their revenue forecasts. Our weaker dollar has helped the overseas market returns explode to the upside as realized […]

Over the years we have all seen the equity markets rise, fall, then rise again.  Our lives inevitably change due to circumstances beyond our control.  At times, it may seem there is not much that we do actually control at all.  That is why we set goals, look to the future, formulate a plan. Actually, […]

Something very interesting has been happening to the S&P 500 Index. It has just completed an unprecedented string of continuous records. The index closed at new highs each day of the past week, each week in the past six, and each month in the past seven. Never before has this feat been accomplished. This action […]

As we reach the halfway point of 2017, we can summarize the year as being positive so far. In terms of the various markets, results have been on the positive side for most sectors. Except for the one day in May where the Dow Industrials dropped over 350 points, the equity markets have gradually climbed […]

We would like to take this opportunity to wish you a safe, healthy, and prosperous New Year and to recognize and appreciate the relationship that we have with you. Your family’s well-being and financial progress is the cornerstone of our commitment, which we take very seriously. Change has been a constant during our time together […]