Investment Recap

Fourth Quarter 2019

As we mentioned in our last quarterly letter, the final three months of the year are typically a seasonally strong market period.  Our stocks were up over 10% in the 4th quarter and more than 30% for the year, exceeding the market averages...

Third Quarter 2019

Stocks improved during the 3rd quarter and we finished September with a gain of over 20% for the Year to Date.  During the summer, value stocks significantly out-performed growth stocks as investors took advantage of some of the attractive...

Second Quarter 2019

U. S. stocks experienced significant volatility in the second quarter. A poor month of May was followed by a record June upturn as investors tried to sort out the headline news with respect to trade negotiations, Federal Reserve policy and...

First Quarter 2019

In meetings with clients over the last several weeks, we have used the buzzword “Australia”, frankly to get people’s attention to the biggest issue surrounding our economy and the investment markets. The facts are that the Australian...

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