Quarterly Commentary

Q1 2017 Quarterly Review & Outlook

April 7, 2017

“The simple message is the economy is doing well…We have confidence in the robustness of the economy and its resilience to shocks…We’re operating in an environment where the U.S. economy is performing well and risks seem pretty balanced.  I think… Read More

Q4 2016 Quarterly Review & Outlook

January 19, 2017

Come Senators, Congressmen, Please heed the call Don’t stand in the doorway, Don’t block up the hall For he that gets hurt, Will be he who has stalled There’s a battle outside, And it is ragin’ It’ll soon shake your… Read More

Q3 2016 Quarterly Review & Outlook

October 14, 2016

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.                              – Sir John Templeton 1912 – 2008 Prior to the end of the quarter, we raised our Risk Pulse® to reflect what we perceive… Read More

Q2 2016 Quarterly Review & Outlook

July 19, 2016

There are decades where nothing happens; and there are weeks where decades happen. –  Vladimir Ilyich Lenin 1870 – 1924 The last week of the first half of 2016 seemed like one of those weeks that Vladimir Lenin was referring… Read More

Q1 2016 Capital Markets Review

May 3, 2016

The December malaise awakened explosively to start 2016. The market correction that had been held back by managers’ push for returns in December let loose in January as the S&P 500 index corrected over 10% to start the year. Fluctuations… Read More