by Randy Osorio | Apr 30, 2023 | Blog
April 2023 Commentary Read the Full Commentary Introduction The Federal Reserve raised its benchmark interest rate by 25 basis points, to a range of 5-5.25%. This brings the rate close to the peak seen just before the financial crisis in 2008. While the market is...
by Randy Osorio | Mar 31, 2023 | Blog
Q1 2023 Quarterly Commentary Read the Full Commentary Introduction We believe that the Fed reacted too slowly in addressing inflation and, as a result, has tightened too aggressively in the face of a weakening economy and a ballooning federal deficit. As a result, we...
by Randy Osorio | Mar 20, 2023 | Blog
Market Outlook 2023 “For the times they are a-changin’.” – Bob Dylan “Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.” – Peter Drucker Introduction Our 2023...
by Andrew Burtnett | Aug 18, 2022 | Blog, quarterly
August 2022 Investor Letter The second quarter of 2022 continued its downward trend as the Dow and S&P 500 closed down 11.3% and 16.1% respectively, and the Nasdaq lost 22.3%1. This was the Dow’s and S&P’s 500 worst quarter since the first quarter of 2020 when...
by Andrew Burtnett | Mar 31, 2022 | Blog
Q1 2022 Firm Commentary The first quarter of 2022 began on a choppy and downward trend as the Dow and S&P 500 closed down 4.6% and 4.1% respectively, and the Nasdaq lost 8.94%. For the three major averages, despite a nice March rally, this was the worst quarter...
by Andrew Burtnett | Feb 18, 2022 | Blog
The Blueprint Keeping Calm in a Time of Rising Interest Rates Monetary policy and fiscal policy are the two primary tools used to adjust a country’s economic challenges, such as inflation or low growth. Fiscal policy is the overall term for a government’s taxing and...
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