S&P 5,250 – Dow 40,000

We were bullish in 2021 and bullishness obviously paid off. As of the Friday close, the S&P 500 is up more than 25% so far this year. Meanwhile, a 10-year Treasury Note purchased at the end of 2020 has generated a negative total return, as interest earnings have...

Client Letter | Holiday Resilience | December 2, 2021

Dear Valued Investor, We hope everyone enjoyed the Thanksgiving holiday with family and friends. While life has been challenging during the pandemic, we have a lot to be thankful for. At this time, we are especially grateful for COVID-19 vaccines and treatments that...

Global Portfolio Strategy | December 1, 2021

Key changes from November’s report: Downgraded materials sector view from positive to neutral Upgraded view on Treasury securities from negative to neutral Stocks fell slightly in November, as the S&P 500 lost 0.8% for the month. For much of the month, stocks...