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Investment Perspective

The information contained in the commentaries has been obtained from sources believed to be reliable but cannot be guaranteed for accuracy. The opinions expressed are subject to change from time to time and do not constitute a recommendation to purchase or sell any security nor to engage in any particular investment strategy.

  • Investment Perspective: 3rd Quarter 2017

    On Guard For Complacency As summer transitioned to fall, investors continued to shake off potentially troubling headlines, propelling stock prices to new highs. Neither natural disasters nor hot air from North Korea seemed to hold the market back.
  • Investment Perspective: 2nd Quarter 2017

    Noisy Calm The tweets and turmoil have continued, leading to some churning by stocks, but prices have still moved higher this year.
  • Investment Perspective: 1st Quarter 2017

    Building or Climbing Walls of Worry? Despite the tumult both inside and outside the Beltway as the new administration struggles to settle in, stocks have largely stayed in post-election rally mode.
  • Investment Perspective: 4th Quarter 2016

    Irrational Reality So the wordsmiths over at Merriam-Webster selected the term surreal as the word of the year for 2016. Their dictionary defines surreal as “marked by the intense irrational reality of a dream.” Synonyms include unbelievable and fantastic. It was chosen on the basis of several major and sustained spikes in interest.
  • Investment Perspective: 3rd Quarter 2016

    Rage Against the Machine In the wake of Hurricane Matthew and the battering of the southeast coast, our thoughts turn back to another storm that has been raging for a while....
  • Investment Perspective: 2nd Quarter 2016

    One if by Land, Two if by Sea Global capital markets were jolted in late June by the outcome of a UK referendum on its European Union membership....
  • Investment Perspective: 1st Quarter 2016

    Spring is in the Air Most of us have emerged once again from winter’s cold embrace. The azaleas and dogwoods have bloomed and previously austere tree branches are now showing signs of green life. Of course, spring also ushers in some unwelcome events, most notably that yellow sea of pollen that coats every surface in its wake — causing discomfort to many. The annual filing…
  • Investment Perspective: 4th Quarter 2015

    Not the Perfect Storm Good riddance Most investors were more than ready to bid 2015 goodbye. The year began with a weather-induced economic slowdown in the United States. Then, suggestions of a Greek exit from the E.U. renewed fears of a European banking crisis and the end of...
  • Investment Perspective: 3rd Quarter 2015

    Speed Bumps on a Decent Road Global stock markets sold off sharply in the third quarter. Many investors headed for the exits as if someone had shouted “fire” in a crowded theater. Investors’ old nemesis — volatility — returned with a vengeance after a period of relative calm...
  • Investment Perspective: 2nd Quarter 2015

    The Muddling of the Bulls The third year of a U.S. presidential cycle is typically characterized by robust stock market performance. Yet equities have made little progress so far in 2015. In fact, according to Ned Davis Research, we have