2022 Fall Newsletter – Third Quarter Review

Forecasts usually tell us more of the forecaster than of the future – Warren Buffett The third quarter of 2022 was a continuation of the trends we have seen all year – the S&P500, despite several days of 2+% rallies, was down for the quarter, and the Federal Reserve continued to raise rates, with chatter …

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2022 Summer Newsletter – Second Quarter Review

The current market turmoil highlights a fundamental truth about investing: it is not always easy. The S&P 500 entered bear market territory during 2Q, hitting the negative 20% mark for the year. This is despite overall company earnings growing in Q1. Goldman Sachs analysts estimate that higher earnings contributed a positive ~5.7% return to equity …

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2022 Spring Newsletter – First Quarter Review

In our note to you last quarter, we contemplated the possibility of increasing financial uncertainty on the horizon. Would the uptick in inflation be a temporary phenomenon or potentially something more daunting? While those questions remain largely unanswered, what has become abundantly clear is that the stakes are increasing. Prices have leapt even further over …

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2021 Winter Newsletter – Fourth Quarter Review

It ain’t what you don’t know that gets you in trouble, it’s what you know for sure that just ain’t so— Mark Twain Dear Valued Clients, As we approach the beginning of the third year of the presence of COVID-19, I suspect that most have a balance between fatigue, caution regarding our health, and a …

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2021 Fall Newsletter – Third Quarter Review

Dear Valued Clients, The past year and a half have been quite a challenge for many, and we hear regularly about people’s desire to return to a normal way of life again. While ‘normal’ might not be within immediate reach, we are quite encouraged to be seeing many of you face to face again. It …

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