Commentaries
Market Moves: Charting Our Strategies, June 2020
In April, the market rallied sharply with the S&P 500 as it posted its biggest monthly gain since 1987, up 12.82%. Drivers for the rally included improving COVID-19 trends, slow re-opening plans for the economy, and possible treatments on the horizon. With earnings season in full swing, the number of buyback cancellations…
2020 Mid-Year Market Outlook Commentary
The Road to Economic Recovery Highlights We believe: Record volatility, the quickest decline into bear market territory, and a record setting…
Market Moves: Charting Our Strategies, May 2020
In April, the market rallied sharply with the S&P 500 as it posted its biggest monthly gain since 1987, up 12.82%. Drivers for the rally included improving COVID-19 trends, slow re-opening plans for the economy, and possible treatments on the horizon. With earnings season in full swing, the number of buyback cancellations…
Volatility is Still Alive and Well – Perspective on Yesterday’s Selloff
June 12, 2020 |After a record breaking rally off of the March lows that resulted in new highs for the Nasdaq…
By JAMIE MULLEN, Senior Portfolio Manager
2Q 2020 SMA Fixed Income Commentary — “Whatever It Takes” Squared
If the health of the U.S. economy remains on solid ground, then the speed and direction of the Fed policy change this year is quite interesting.
2Q 2020 — Tax-Free Fixed Income
A lower and flatter yield curve took center stage for tax-free bonds through the first quarter of 2019, taking an encore from the sound performance during the back half of 2018.
1Q 2020 — Tax-Free Fixed Income
A lower and flatter yield curve took center stage for tax-free bonds through the first quarter of 2019, taking an encore from the sound performance during the back half of 2018.
Q1 2020 SMA Fixed Income Commentary— The Economy: Saved by Zero
If the health of the U.S. economy remains on solid ground, then the speed and direction of the Fed policy change this year is quite interesting.
By MAIRA THOMPSON, Senior Portfolio Manager
2Q 2020— One for the Record Books
The market reversed course in the first quarter with the S&P 500 Index climbing 13.1% after a bruising fourth quarter decline which narrowly missed the 20.0% bear market territory.
1Q 2020— Dividend Stocks Reset Expectations
The market reversed course in the first quarter with the S&P 500 Index climbing 13.1% after a bruising fourth quarter decline which narrowly missed the 20.0% bear market territory.
4Q 2019— The Power of Dividends
The market reversed course in the first quarter with the S&P 500 Index climbing 13.1% after a bruising fourth quarter decline which narrowly missed the 20.0% bear market territory.
3Q 2019— A Fork in the Road?
The market reversed course in the first quarter with the S&P 500 Index climbing 13.1% after a bruising fourth quarter decline which narrowly missed the 20.0% bear market territory.
By MASON WEV, CFA®, CMT, Portfolio Manager
2Q 2020— COVID-19 Feeds Dislocations Between Winners and Losers
Investors’ burgeoning hope and subsequent buying frenzies led to a massive 20% rebound in the S&P 500 and other risk assets…
1Q 2020— Quick, Dramatic Pain, but Long-Term Opportunity
When we look at the title of our fourth quarter commentary, “2020 Should Be Highlighted By Stable Fed Policy & Election-Driven…
4Q 2019— 2020 Should Be Highlighted by Stable Fed Policy & Election-Driven Opportunities
While 2018 featured rising interest rates and losses among virtually all major asset classes, 2019 was the polar opposite. Both stocks…
3Q 2019— What Recession Worries? Stocks Enjoy Their Best First Three Quarters Since 1997
2019 has been a year of turbulent headlines for the markets, with the U.S./China trade war switching between hot and cold….
By TONY SOSLOW, CFA®, Senior Portfolio Manager
2Q 2020 — SMID Rebounds in a Big Quarter
Since inception, the Navigator® SMID Cap Core U.S. Equity strategy delivered annualized gains of 8.03% gross (4.85% net) vs. 8.20% annualized…
2Q 2020 — Small Cap Rallies with Value and Quality
For the past five years ending June 2020, the Navigator® Small Cap Core U.S. Equity strategy delivered annualized gains of 2.16%…
2Q 2020 — Diversified All Cap Gains
For the second quarter of 2020, the Navigator® All Cap strategy had a return of 19.70% (18.85% net) vs. a 22.03%…
2Q 2020 — International Equity Continues to Shine in 2020
The Navigator® International Equity/ADR strategy delivered annualized gains of 8.90% gross (6.90% net) vs. the gains of 4.97% for the MSCI…
