Quarterly Commentary

Q1 2020 Quarterly Review & Outlook

April 7, 2020

Life would be tragic if it weren’t funny — Stephen Hawking 1942-2018   First let us say that this is a very tragic time.  The unnecessary loss of any life is most unfortunate, and we send our very best wishes… Read More

Q4 2019 Quarterly Review & Outlook

January 9, 2020

 It’s dangerous to make predictions — especially about the future. — Yogi Berra   As a young boy, I remember my parents going out one New Years Eve, and as they left they said “see you next year.”  I couldn’t… Read More

Q3 2019 Quarterly Review & Outlook

October 14, 2019

Those that respect the law and love sausage should watch neither being made. — Mark Twain   It is hard to imagine that there are thirteen more months before the presidential election.  How will we ever survive?  Perhaps the British… Read More

Q2 2019 Quarterly Review & Outlook

July 10, 2019

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness… — A Tale of Two Cities by Charles Dickens   By nearly any measure, the first… Read More

Q1 2019 Quarterly Review & Outlook

April 16, 2019

The four most expensive words in the investment business are “this time it’s different” — Investor lore   What a difference a quarter makes.  By the end of the fourth quarter, it seemed as though U.S. policy makers were on… Read More