By: Mason Wev, CFA®, CMT
3Q 2020— Coronavirus Pandemic Feeds Dislocations Between Winners and Losers
October 20, 20202020 has proven to be the one of the most turbulent and challenging years in recent memory and for many investors,…
Read More3Q 2020 — Despite Election-Related Concerns, Pro-Cyclical Leadership Persists
October 14, 20202020 has been a massive roller coaster for investors, but the third quarter was mostly positive both in terms of market…
Read More2Q 2020— COVID-19 Feeds Dislocations Between Winners and Losers
July 22, 2020Investors’ burgeoning hope and subsequent buying frenzies led to a massive 20% rebound in the S&P 500 and other risk assets…
Read More2Q 2020 — Earnings Trough and Central Bank Support Points Towards More Potential Gains
July 14, 2020After the first quarter’s pandemic-related crash, a market rebound during the second quarter was to be expected. Though that rally came…
Read More1Q 2020— Quick, Dramatic Pain, but Long-Term Opportunity
April 23, 2020When we look at the title of our fourth quarter commentary, “2020 Should Be Highlighted By Stable Fed Policy & Election-Driven…
Read More1Q 2020— Coronavirus Pain: “Essential” Versus “Non-Essential”
April 23, 2020Who could have predicted that the first quarter of 2020 would go down in the record books as the worst first…
Read More4Q 2019— 2020 Should Be Highlighted by Stable Fed Policy & Election-Driven Opportunities
January 15, 2020While 2018 featured rising interest rates and losses among virtually all major asset classes, 2019 was the polar opposite. Both stocks…
Read More4Q 2019 — Failed Recession Fears Highlight 2019’s Climb of the Wall of Worry
January 15, 20202019 represented a tremendous turnaround year. As of January 4th, market psychology turned quickly and the Fed turned strongly dovish, which…
Read More3Q 2019— What Recession Worries? Stocks Enjoy Their Best First Three Quarters Since 1997
October 23, 20192019 has been a year of turbulent headlines for the markets, with the U.S./China trade war switching between hot and cold….
Read More3Q 2019 — Exaggerated Emotions: Investing in a Late Market Cycle
October 14, 2019Reading or watching the media in constant conflict regarding both the markets and politics must have an effect on a person’s…
Read More2Q 2019 — Range of Outcomes as Wide as Ever — but Be Sure to Include a Continuing Bull Market
July 16, 2019What a turnaround it has been for markets over the last six months. December saw a fierce decline driven by fears…
Read More1Q 2019— Growing Late Cycle Concerns: V-Shaped Decline and Recovery
April 16, 2019After a brief but stunning fourth quarter 2018 decline, markets staged a fierce comeback in the first quarter. It all started…
Read More1Q 2019— Snapback Rally on Powell Pivot and Inverted Yield Curve Bookend Volatile Quarter
April 16, 2019After a brief but stunning fourth quarter 2018 decline, markets staged a fierce comeback in the first quarter. It all started…
Read More4Q 2018 — Fourth Quarter Lows Likely to be Retested, but Long-Term Valuation Picture Improved
January 28, 2019The fourth quarter of 2018 began on a positive note, but few knew what turbulence was to come. Markets reached new…
Read More4Q 2018 — Playing Defense
January 22, 2019Investors and asset managers alike are happy to turn the page from 2018 to 2019. Last year was a tough year…
Read More3Q 2018 — Is the Economic Growth Cycle Too Slow and Steady to Become Imbalanced?
October 19, 2018The third quarter was a positive one for U.S. equity investors, as a surging U.S. economy and labor market, in which…
Read More3Q 2018 — Stocks Lead Gains, High Yield Bonds Remain Strong
October 16, 2018The third quarter was positive for U.S. equity investors, as a surging U.S. economy and labor market, in which consumer confidence…
Read More2Q 2018 — Cyclical Bull Market Trends Continue, Despite Worries It Is Long in the Tooth
July 20, 2018The second quarter of 2018 was much more quiet than the first, at least in U.S. markets. We began the quarter…
Read More2Q 2018 — Global Growing Pains
July 20, 2018The consensus thinking in early 2018 was that we had achieved “synchronized global growth,” but only the U.S. has delivered so…
Read More1Q 2018 — Single Digit Returns, Double Digit Volatility
April 30, 2018The first quarter of 2018 finally delivered a long-awaited correction in equities. As usual, the trigger was unanticipated. To our eyes,…
Read More