SUMMARY  The third quarter of 2019 paled in comparison to the previous two quarters as global weakness and trade fatigue combined to depress returns.  Even a widely expected September rate cut could barely elicit a “ho-hum” from investors.  While corporate…

SUMMARY  The second quarter of 2019 is in the books, as they say, and it was another good one for both stocks and bonds.  US equities once again outperformed both non-US developed and emerging markets equities. The key to market…

Summary Stocks rebounded sharply in the first quarter as investors reacted favorably to the Federal Reserve’s change of heart on interest rates.  When Fed chairman Jerome Powell said back in early January that the rate hiking cycle was over and…

So far this has been a great year for investors.  The US stock market was up 5.6% year-to-date through February and overseas markets are up 4.1%.[1]  Bonds, as measured by the Barclay’s Aggregate Bond Index, are only up about three-quarters…

The Election We knew this election would be a binary event – a decision in which there are two possible outcomes, and the difference would be huge.  The pre-election polls suggested that Hillary Clinton would win, therefore things would not…