By: Mason Wev, CFA®, CMT

Multi-Strategy Commentary
3Q 2019 — Exaggerated Emotions: Investing in a Late Market Cycle
October 14, 2019

Reading or watching the media in constant conflict regarding both the markets and politics must have an effect on a person’s…

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Opportunity Update Commentary
2Q 2019— Stocks Say We Are in Paradise, but Bonds Say Something Else — Which Is Right?
July 17, 2019

Markets staged a fierce rally in the first quarter and followed through with further gains in the second quarter, despite a…

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Multi-Strategy Commentary
2Q 2019 — Range of Outcomes as Wide as Ever — but Be Sure to Include a Continuing Bull Market
July 16, 2019

What a turnaround it has been for markets over the last six months. December saw a fierce decline driven by fears…

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Multi-Strategy Commentary
1Q 2019— Growing Late Cycle Concerns: V-Shaped Decline and Recovery
April 16, 2019

After a brief but stunning fourth quarter 2018 decline, markets staged a fierce comeback in the first quarter. It all started…

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Opportunity Update Commentary
1Q 2019— Snapback Rally on Powell Pivot and Inverted Yield Curve Bookend Volatile Quarter
April 16, 2019

After a brief but stunning fourth quarter 2018 decline, markets staged a fierce comeback in the first quarter. It all started…

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Opportunity Update Commentary
4Q 2018 — Fourth Quarter Lows Likely to be Retested, but Long-Term Valuation Picture Improved
January 28, 2019

The fourth quarter of 2018 began on a positive note, but few knew what turbulence was to come. Markets reached new…

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Multi-Strategy Commentary
4Q 2018 — Playing Defense
January 22, 2019

Investors and asset managers alike are happy to turn the page from 2018 to 2019. Last year was a tough year…

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Opportunity Update Commentary
3Q 2018 — Is the Economic Growth Cycle Too Slow and Steady to Become Imbalanced?
October 19, 2018

The third quarter was a positive one for U.S. equity investors, as a surging U.S. economy and labor market, in which…

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Multi-Strategy Commentary
3Q 2018 — Stocks Lead Gains, High Yield Bonds Remain Strong
October 16, 2018

The third quarter was positive for U.S. equity investors, as a surging U.S. economy and labor market, in which consumer confidence…

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Opportunity Update Commentary
2Q 2018 — Cyclical Bull Market Trends ­Continue, Despite Worries It Is Long in the Tooth
July 20, 2018

The second quarter of 2018 was much more quiet than the first, at least in U.S. markets. We began the quarter…

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Multi-Strategy Commentary
2Q 2018 — Global Growing Pains
July 20, 2018

The consensus thinking in early 2018 was that we had achieved “synchronized global growth,” but only the U.S. has delivered so…

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Multi-Strategy Commentary
1Q 2018 — Single Digit Returns, Double Digit Volatility
April 30, 2018

The first quarter of 2018 finally delivered a long-awaited correction in equities. As usual, the trigger was unanticipated. To our eyes,…

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Opportunity Update Commentary
1Q 2018 — The First Quarter Was Back to Normal
April 18, 2018

The first quarter of 2018 proved a stark contrast to 2017’s steady and smooth ride up. To begin the year, markets…

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Opportunity Update Commentary
4Q 2017 — Bears’ Fears Are Only Imagined
January 25, 2018

The Roman philosopher Seneca said that “We are often more frightened than hurt; and we suffer more from imagination than reality.”…

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Multi-Strategy Commentary
4Q 2017 — The Ride Was Smooth and Up
January 25, 2018

The year 2017 was very profitable for both U.S. stock markets and the U.S. high yield bond markets. The ride was…

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Portfolio Perspectives
Adding to the Benefits of Diversification
November 15, 2017

Diversification is said to be one of the only free benefits that you can get while investing. It costs nothing, except…

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Opportunity Update Commentary
3Q 2017 — Markets Are Telling Bears: Resistance Is Futile
October 23, 2017

The third quarter of 2017 continued a slow grind higher for U.S. equity markets, while international markets continued to provide leadership…

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Multi-Strategy Commentary
3Q 2017 — The “Slow Grind” Continues
October 16, 2017

The third quarter of 2017 continued a slow grind higher for U.S. equity markets, while international markets continued to provide leadership…

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Multi-Strategy Commentary
2Q 2017 — A Reversal of Fortunes
August 29, 2017

Markets have continued their strength from 2016 into 2017, as the S&P 500 ETF (SPY) is up 9.17% through June 30th….

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Opportunity Update Commentary
2Q 2017 — It’s the Classic Slow Grind
July 20, 2017

News regarding the economy during the second quarter of 2017 was quiet, and that resulted in a classic slow grind higher…

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