2019

Market Outlook A widely used Latin phrase in Europe, “Quo Vadis?” (Where are you going?), is a very timely question as we head into the final quarter of 2019.  The long running bull market in both equities and fixed income continues to chug along with U.S. equities up +20% (S&P 500 Index) through mid-October and…

Market Outlook In July the U.S. economic expansion officially became the longest in U.S. history as it crossed its 10-year anniversary.  As we pointed out in last quarter’s newsletter, the core economic vital signs for the U.S. suggest that the expansion has further to run with very few road bumps on the horizon to caution…

Market Outlook The rally in global equity markets, particularly in the U.S., during the first quarter of this year has been stunning.  The move down and back up to current levels in the S&P 500, from the fourth quarter of 2018 through April 2019, represents an approximate 45% movement in equity prices over a five-month…

Market Outlook What is it about the global economic landscape, and the U.S. equity markets, that would send the S&P 500 down – 13.52% in the fourth quarter of 2018 only to rebound by + 4.20% over the first ten trading days of the new year?  Can we glean any insights that would help us…