Market Update
Tweets, Threats and Tariffs: Global Markets React
May 14, 2019

The trade negotiations that were supposed to be going so smoothly suddenly erupted into a storm of tweets, threats, tariffs and…

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Benchmark Review
Benchmark Review & Monthly Recap, April 2019
May 1, 2019

Market Momentum Continues Highlights: Equity market gains continued in April following one of the best first quarters in years. The S&P…

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All Cap Core Commentary
1Q 2019 — Value and Quality Characteristics ­Remain Solid in All Cap
April 18, 2019

For the first quarter of 2019, the Navigator® All Cap strategy had a gain of 9.81% gross (9.01% net) versus a…

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U.S. Small Cap Commentary
1Q 2019 — Small Cap Rallies with Value and Quality
April 16, 2019

For the five years ending March 31, 2019, the Navigator® Small Cap Core U.S. Equity strategy delivered annualized gains of 7.49%…

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ADR/International Equity Commentary
1Q 2019 — International Equity Continues to Shine in 2019
April 16, 2019

The Navigator® International Equity/ADR strategy delivered annualized gains of 5.98% gross (2.85% net) vs. the gains of 2.57% for the MSCI…

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U.S. SMID Cap Commentary
1Q 2019 — SMID Steady as Russell 2500 Gallops Ahead
April 16, 2019

Since inception, the Navigator SMID Cap Core U.S. Equity strategy delivered annualized gains of 11.67% gross (8.39% net) vs. 10.34% annualized…

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The Soslow Report
1Q 2019 — Slower Bad, Slow Good
April 16, 2019

In 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,

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Kazatsky Corner
Another Arrow in the Quiver for California Investors: Taxable Municipal Bonds
April 16, 2019

A more dovish pivot from the Fed has helped extend a fixed income rally that began in the latter part of…

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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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