Some Relief. US equities recovered some ground in October following a notably weak close to the September quarter.  The S&P 500 rose about 8%

Warren Buffet warned us: “A rising tide floats all boats.  Only when the tide goes out do you discover who has been swimming naked.”  

Market Commentary. Risk assets sold off around the globe in late September as investors continued to grapple with hawkish monetary policy positioning from the Federal

Some Relief. US stocks staged a comeback in July, rebounding from a tough first half of the year.  Moderating inflation expectations and better-than-feared corporate earnings

  A Challenging First Half. Financial markets struggled to their worst start to a year in decades.  Accelerating inflation and rising interest rates, combined with

  A Challenging Time. Global equity markets saw another down month in April, but will end May about flat.  It is premature to suggest we

  Invasion. Russia’s invasion of Ukraine in late February shocked the world, and is having a significant humanitarian and geopolitical impact.  Western nations are so

Volatile Markets. The new year has open with a more jittery tone, and declines.   Following two years of largely synchronized accommodative monetary policies, central banks