2022

Market Outlook In late October 1991, the fishing boat Andrea Gail set sail from Gloucester, Massachusetts only to be engulfed and destroyed by a late cycle unnamed hurricane which became known as the Perfect Storm, whose ferocious conditions produced 100-foot waves.  Several economic journalists have recently invoked the “Perfect Storm” metaphor when describing current economic…

Market Outlook Some of you may remember the classic daytime game show “Let’s Make A Deal” which aired on NBC from 1963 to 1977.  Contestants selected one of three doors in hopes of winning a grand prize.  The game host (many will remember Monty Hall) reveals one door behind which there is no grand prize…

Market Outlook The economic storm clouds on the horizon reported in the news and on social media conjure up the metaphor of “storm watching” when allocating assets in today’s financial markets.  Erik Larson’s historical novel, Isaac’s Storm:  A Man, A Time, and the Deadliest Hurricane in History, recounts the failed forecasting and monitoring of the…

Market Outlook We expect 2022 to be a very interesting year from a markets perspective, primarily because the Fed has the unenviable task of taming, what has turned out not to be, “transitory inflation.”  Inflation, as measured by the consumer price index, came in at 7% in 2021 which is the highest recorded level since…