Quarterly Commentary

Q4 2023 Quarterly Review & Outlook

January 11, 2024

The Goldilocks Market is Just Right As we remember from our nursery rhyme days, Goldilocks entered the house of the Three Bears and began tasting the porridge. The first bowl was “too hot”, the second bowl was “too cold”, and… Read More

Q3 2023 Quarterly Review & Outlook

October 12, 2023

The Market Has Bad Breadth. Can It Get Better? Interest rates are approaching 5% on the 10-year Treasury, which has sent mortgage rates north of 8%. Mortgage rates have not been this high in over 20 years. High interest rates… Read More

Q2 2023 Quarterly Review & Outlook

July 11, 2023

The Super Seven: Masked Heroes or Villains The Super Seven are the larger-than-life figures of today’s stock market environment comprised of Apple, Microsoft, Nvidia, Amazon, Meta, Tesla, and Alphabet. Apple hovers near a $3 trillion valuation, Microsoft $2.5 trillion, and… Read More

Q1 2023 Quarterly Review & Outlook

April 13, 2023

Waiting for Godot   A widely watched indicator on Wall Street did the unthinkable last year as the dreaded inverted yield curve raised its ugly head signaling a recession was on its way. In normal economic times, longer-dated treasuries yield… Read More

Q4 2022 Quarterly Review & Outlook

January 17, 2023

“It’s not whether you get knocked down, it’s whether you get up.”— Vince Lombardi   Last year proved challenging for the market as the Federal Reserve raised interest rates aggressively to counteract high inflation. Higher interest rates and the prospect… Read More