Market Commentary

April 2020

2020: 1st Quarter Summary

“Nobody told me there'd be days like these / Strange days indeed” John Lennon, “Nobody Told Me” One issue now dominates the concerns of every person with... more

January 2020

2019: 4th Quarter Summary

“What the people need is a way to make them smile / It ain't so hard to do if you know how” The Doobie Brothers, “Listen to... more

October 2019

2019: 3rd Quarter Summary

“Dizzy / I'm so dizzy, my head is spinning.” Tommy Roe, singer Our news and economic cycles appear to be increasingly dominated by the same few policy... more

July 2019

2019: 2nd Quarter Summary

“Sometimes good things fall apart so better things can fall together.” Marilyn Monroe, actress Yogi Berra was famously quoted as saying, “It's like déjà vu all over... more

April 2019

2019: 1st Quarter Summary

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.” Mark Twain As we review market returns each quarter to... more

January 2019

2018: 4th Quarter Summary

“What are the drums saying, Eli? Good news or bad?” Opening lines of “Bomba, the Jungle Boy” (1949) Our 2017 review began, "What a great year for... more

July 2018

2018: 2nd Quarter Summary

“You get caught up thinking about the future, you lose sight of the present.” Antonio Brown The 2nd quarter of 2018 was a busy one on the... more

April 2018

2018: 1st Quarter Summary

“The answer, my friend, is blowin' in the wind ” Bob Dylan, Blowin’ in the Wind The smooth sailing investors experienced in 2017 ran afoul of stormy... more

January 2018

2017: 4th Quarter Summary

“Diversify and rebalance. They don’t invite me on the television, because my message is, don’t look at television, just diversify and rebalance.” Harry Markowitz, Nobel Laureate and... more

October 2017

2017: 3rd Quarter Summary

“My luck was so good I could do no wrong” Jerry Reed, When You’re Hot You’re Hot Much like guitar-picker and singer Jerry Reed, we’re running out... more