2019 ended on a positive note. Stocks experienced strong returns in the fourth quarter, contrasting against the sharp de…
Market Overview
Market Reflections for Third Quarter 2019: This Year Remains Strong Despite Negative Headlines
Global stock markets posted mixed results for the third quarter, as declines in international stocks contrasted with the…
Market Reflections for Second Quarter 2019: Discipline Leads to Favorable Returns
Tension and uncertainty didn’t appear to affect the markets in the second quarter. Despite rising global trade tensions,…
Market Reflections for First Quarter 2019: A Strong Start to the Year
What a strong quarter to start the year! For U.S. large cap stocks (represented by the S&P 500), the first quarter o…
Finding the Missing Bullet Holes
During World War II, the Navy realized it was losing a lot of aircraft and could better armor its planes to increase the…
Market Reflections for Fourth Quarter 2018
2018, especially the fourth quarter, was a challenging year for stocks with both the United States (U.S.) and internatio…
The Rearview Mirror Fails in Constructing Portfolios
But Diversification Saves the Day It is often said that investors like to drive by looking in the rearview mirror. This …
Market Reflections for Third Quarter 2018
The third quarter marked yet another period of strong performance for the U.S. equity market, which remained resilient d…
Market Sound Bite: Ten-Year Anniversary
Ten-Year Anniversary Last week, we hit an important milestone in the financial markets — ten years ago, on September 15,…
Market Reflections for Second Quarter 2018
Calling the second quarter of 2018 “eventful” would be an understatement. On one hand, we had inflation pressure continu…