1Q 2019 — Value and Quality Characteristics Remain Solid in All Cap
April 18, 2019For the first quarter of 2019, the Navigator® All Cap strategy had a gain of 9.81% gross (9.01% net) versus a…
Read More1Q 2019 — Small Cap Rallies with Value and Quality
April 16, 2019For the five years ending March 31, 2019, the Navigator® Small Cap Core U.S. Equity strategy delivered annualized gains of 7.49%…
Read More1Q 2019 — International Equity Continues to Shine in 2019
April 16, 2019The Navigator® International Equity/ADR strategy delivered annualized gains of 5.98% gross (2.85% net) vs. the gains of 2.57% for the MSCI…
Read More1Q 2019 — SMID Steady as Russell 2500 Gallops Ahead
April 16, 2019Since inception, the Navigator SMID Cap Core U.S. Equity strategy delivered annualized gains of 11.67% gross (8.39% net) vs. 10.34% annualized…
Read More1Q 2019 — Slower Bad, Slow Good
April 16, 2019In last quarter’s commentary entitled “Ignore the Deafening Noise” I urged readers to focus on the likely future of Fed policy and economic activity at the expense of the media’s obsession with the current flattening of the yield curve,
Read MoreAnother Arrow in the Quiver for California Investors: Taxable Municipal Bonds
April 16, 2019A more dovish pivot from the Fed has helped extend a fixed income rally that began in the latter part of…
Read More1Q 2019— Second Wind for Dividend Stocks
April 16, 2019The 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.
Read More1Q 2019 — Tax-Free Fixed Income
April 11, 2019A 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.
Read More1Q 2019— Taxable Fixed Income
April 11, 2019Fixed income returns were robust during the quarter based on the Fed’s change in messaging to a dovish stance.
Read MoreQ1 2019 SMA Fixed Income Commentary— Winter is Coming for Game of Thrones Fans, but is it Spring for Fixed Income?
April 11, 2019If 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.
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