March 20, 2023

Follow-up on the Failure of Silicon Valley Bank: A Look at Where Things Stand Today

Recap of March 10 As I am sure all of you are aware at this point, on Friday, March 10, 2023, the California Department of Financial […]
March 15, 2023

The Failure of Silicon Valley Bank

As I am sure all of you are aware at this point, on Friday, March 10, 2023, the California Department of Financial Protection and Innovation took […]
February 27, 2023

Inflation Reaccelerates, Higher-For-Longer Interest Rates and Strategies for Uncertain Times

The market narrative appears to be approaching a crossroads after an oddly sanguine few months. The hopeful chatter of a “Fed Pivot” now seems starkly at […]
January 12, 2023

A Year to Forget for Stock/Bond Markets

The -18.1% return for the S&P 500 in 2022 was the fourth worst calendar year return for the broad US large cap equity index since 1973. […]
August 30, 2022

Lessons From Jackson Hole

Last week the Federal Reserve Bank of Kansas City hosted its annual Jackson Hole Economic Policy Symposium. The Jackson Hole Symposium had humble beginnings with then […]
June 30, 2022

A New Regime: Implications for Valuations

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” –Warren Buffett Among Warren Buffett’s many insightful investment lessons, […]
June 3, 2022

Tightening Financial Conditions Start to Bite, Inflation Focus Shifts to Growth

Market Commentary May was a tale of two halves in global markets with early month jitters giving way to late month dip buying as the narrative […]
May 12, 2022

Geopolitical Tensions Continue, Elevated Inflation and Tightening Financial Conditions

Market Commentary April proved challenging yet again for investors with the traditional 60/40 stock/bond portfolio falling 6.9%; its worst month since March of 2020. The tech-heavy […]
May 4, 2022

Story Time

“The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them.  Where this propensity can go wrong is […]
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