Many investors, ourselves included, find it difficult to understand why stocks have done so well lately in such a challenging economic environment and COVID-19 still an ongoing threat.

Research
Client Letter | Back to School in a New Way | September 3, 2020
Going back to school signals changes for everyone, including COVID-19 preparedness, an election, and impressive S&P 500 performance.
A Trump Second Term: Upside and Risks | Weekly Market Commentary | August 31, 2020
A second term for President Donald Trump would likely feature a continuation of the pro-growth policies from the first term of his administration…
A Biden Presidency: Upside and Risks | Weekly Market Commentary | August 24, 2020
Potential market impact if former VP Joe Biden is elected president, including taxes, regulation, initiatives, and governance.
5 Earnings Season Takeaways| Weekly Market Commentary | August 17, 2020
Corporate America delivered on expectations during a second quarter earnings season that some are calling the biggest upside surprise ever.
Global Portfolio Strategy | August 11, 2020
Stocks continued to rally in July despite elevated COVID-19 cases in many US states and globally.
Dissecting The Disconnect| Weekly Market Commentary | August 10, 2020
One of the most difficult questions for investors to answer right now is how can the US economy be struggling so much while the stock market keeps churning higher?
Client Letter | Positive Territory | August 6, 2020
The S&P 500 Index has moved into positive territory and some data appears good, while other data remains troubling.
Calendar Concerns and Gold Gains| Weekly Market Commentary | August 3, 2020
Stocks may be ready for a break, but it’s still possible gold and stocks could trend higher together.
Stalling Economic Recovery May Slow Stock Market Rally | Weekly Market Commentary | July 27, 2020
Stock market weakness late last week caused investors to ask whether the long-awaited market pullback may be at hand.