Skip to content

Quarterly News

The Good, The Bad And The Ugly & What is Bitcoin And Should You Own Some?

As noted in the previous quarterly publication, the second quarter marked the peak year-over-year growth rate on several measures, including economic growth. The third quarter found growth stocks remaining on top of the heap with concerns about the Delta variant denting the returns for more economically sensitive sectors (Chart 1). However, value and dividend stocks retained the crown for performance year-to-date on the strength of the performance in the first quarter. Chart 1 – 3Q Factor Performance The markets now resemble the classic Clint Eastwood film, The Good, The Bad and the Ugly. In the movie, the three men battle for a treasure in gold. The future direction of the markets will likely be determined by the struggle between the

Read More »

Wealth Insights – April 2021

What a Long, Strange Trip It’s Been “Those who cannot remember the past are condemned to repeat it.” George Santayana, Philosopher, 1863 ‐ 1952 At a little more than one year past the COVID and lockdown‐induced stock market low, it seems like an appropriate time to look at how this recession differs from a more typical business cycle and the implications of those differences. The most significant difference was that a governmentmandated lockdown of businesses was the cause of this collapse in economic activity. Recessions are typically caused by economic overheating or an extraneous shock, like soaring oil prices, rather than government decree. The sudden stop in the economy caused employment to plunge. Both the pace and amount of job

Read More »