“Have an opinion on what the market should do but don’t decide what the market will do.” - Bernard Baruch In a Presidential election year, November has historically been positive for the stock market. November 2024 held the trend, with all the US indexes we follow posting positive returns. Small …  Read More
Stock Market Commentary: October 2024
“History shows us, over and over, that bull markets can go well beyond rational valuation levels as long as the outlook for future earnings is positive.” – Peter Bernstein Normally a hard month for investors, September was positive almost across the board for all the indexes we follow. The lone …  Read More
Stock Market Commentary: September 2024
“Stay humble or the market will do it for you.” – Todd Harrison August, what we have observed to be a month that can be hard on investment returns, turned out to be a decent month for investors. US large cap stocks did well, with the Dow Industrials and S&P 500 both posting positive gains. …  Read More
Stock Market Commentary: August 2024
“The point of investing, after all, is not to have a great story to tell; the point of investing is to make money with limited risk.” - Seth Klarman While we do not make big, declarative statements on the markets, we see the market action in July as a possible turning point for the markets. …  Read More
Stock Market Commentary: July 2024
“You can't predict. You can prepare.” - Howard Marks June was a mixed month for equity investors. Large cap indexes continued their upward assent as the small-cap and mid-cap indexes retreated for the second straight month. International equities – laggards for the past decade – have at least …  Read More