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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High Dividend Equity Commentary

2Q 2018 — Made in America

July 18, 2018


At the mid-year mark, earnings growth remains stellar aided by the 2017 Tax Cuts and Jobs Act which helped boost first…

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ADR/International Equity Commentary

2Q 2018 — ADR Steady into Its Second Decade

July 18, 2018


The Navigator International Equity/ADR strategy delivered annualized gains of 9.56% gross (6.34% net) vs. the gains of 5.99% for the MSCI…

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U.S. SMID Cap Commentary

2Q 2018 — SMID Starts Sixth Year Slowly

July 18, 2018


Since inception, Navigator SMID strategy delivered annualized gains of 15.48% gross (12.10% net) vs. 12.15% annualized gains for the Russell 2500…

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U.S. Small Cap Commentary

2Q 2018 — Navigator Small Cap’s Quality Bias Povides Drag

July 18, 2018


For the five years ending June 30, 2018, the Navigator Small Cap strategy delivered annualized gains of 13.54% gross (10.21% net)…

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The Soslow Report

2Q 2018 — The Dilemma of Success

July 17, 2018


With my youngest now 19 and off to college in the fall, I begin to consider my parenting obligations as both…

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The Soslow Report

1Q 2018 — The Old Normal Copy

July 17, 2018


Politics aside (always a dangerous opening salvo), the current administration self classifies as pro-business. Agnostically, I classify it as pro-cyclical. Before…

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All Cap Core Commentary

2Q 2018 — Semiconductor Capital Equipment Transition Tempers All Cap

July 17, 2018


For the second quarter of 2018, the Navigator All Cap strategy lost 0.87% gross (1.62% net) versus a 3.89% gain in…

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Taxable and Tax Free Fixed Income Commentary

2Q 2018 — The Rates Market Was Kung Fu Fighting

July 13, 2018


If the shape of the yield curve is any indication, the Federal Reserve and investors are locked in a battle of…

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