Second Quarter of 2022
2022 has been a brutal year for the global stock and bond markets. It is the worst start to the...
Second Quarter of 2022
First Quarter of 2022: The Pandemic Hangover
The first quarter of 2022 brought about a sea change of events that hasn’t occurred in decades. The...
Fourth Quarter of 2021
Happy New Year! As we turn the page to 2022, we are bringing back our annual dinner, which will be...
Third Quarter of 2021: A Whiff of Stagflation
During the third quarter, the market witnessed a doubling from last year’s pandemic-induced panic...
Second Quarter of 2021
“Our expectation is that these high inflation readings that we’re seeing now will start to abate.”...
First Quarter of 2021: Where Do We Go After We Can Leave the House?
A year ago Congress passed a $2 trillion stimulus package to mitigate the economic damage caused by...
Fourth Quarter of 2020: The Economy Is Set to Roar
As we approach each year-end, one of my traditions is to read Wall Street strategists’ predictions...
Third Quarter of 2020
It’s quite astonishing that we were on the verge of a global depression at the end of March, and...
Second Quarter of 2020: The Recovery Begins
It was great to see so many of you at our annual dinner in February and the feedback from that...
First Quarter of 2020
We hope this letter finds you and family in good health and safely at home. The first quarter of...