We enjoyed a nice third quarter rebound following the second quarter, Brexit-induced swoon. The market’s returns were relatively narrow; technology as a whole did very well and select positions within the health care and consumer discretionary sectors helped our portfolio relative to the market. On a year to date basis, we are finally back into […]
What a boring few weeks it has been. Following a post Brexit bounce that was surprising to many, August has largely been, well, August – about as exciting as dead summer lawns, and for the kids, the thought of going back to school. But is this a calm before the storm? We don’t think so. […]
The markets continued to recover from their first quarter lows, but there is no doubt that it has not been easy going with last week’s Brexit decision the most recent speedbump in a sideways market now over eighteen months in duration. For further information on the second quarter and our investment outlook, please view a […]
Brexit is not the end of the world, but the beginning of a new future. The financial markets will get rocked in the short run, but the excitement I feel for a country making an active decision to endure the well advertised short term pain for what it believes to be a superior long term […]
The behavior of the markets over the course of the last six weeks has reminded me of the phrase “getting your ducks in a row.” While I know the analogy may not be a perfect fit for what I perceive is occurring in the markets, to me, it nevertheless feels right. “Getting one’s ducks in […]
The first quarter was a tale of two halves. During the first half, the stock market came under significant pressure as oil prices fell to new lows, broader credit concerns became elevated, and recessionary risks rose. The second half was marked by a bounce in oil prices on a hoped for production quota agreement from […]
After a brief upswing, the markets were caught in a downdraft last week with many of the innovative growth companies we own coming under significantly greater selling pressure. In the past, I’ve noticed that growth stocks, particularly those that are innovators and less susceptible to economic pressures, tend to do well in all types of […]
The markets are off to a rip-roaring start this year — in the wrong direction. We are hearing all sorts of sensationalized firsts, including the fact that we just endured the worst first few days of January on record. While this is a painful fact, it is also one that is perhaps more sensationalized than […]
Our portfolio and the stock market bounced back aggressively in the fourth quarter following the Chinese Yuan induced swoon during the third. We finished the full year in positive territory, substantially ahead of our comparative indices and peer group. While there has been much gnashing of teeth over the narrowness of the market’s gains this […]
It’s that time of year again. Time to take stock of the year that was and time to try pondering what 2016 could look like. Every now and then someone asks us how the stock market will do next year. Sometimes, they aren’t asking for a range but an actual number, and I suspect an […]