Fourth Quarter 2015 Commentaries
The S&P 500 index which is representative of US large capitalization stocks started 2015 at a level of 2058.20 and completed its annual journey at 2043.94. It was a relatively …
Third Quarter 2015 Commentaries
It was a nasty quarter for stocks. It has been four years since investors last experienced such misery. For the quarter, S&P 500 were down 6.44%. From its peak on …
Second Quarter 2015 Commentaries
We have just passed the midpoint of the year. In the tug of war between bulls and bears, the midpoint of the rope has hardly moved. For the first half …
First Quarter 2015 Commentaries
Dear Clients, The 7th year of the current bull market started with steady economic growth domestically, weakening growth in the emerging markets and stagnant growth in Europe and Japan. Stocks …
Fourth Quarter 2014 Commentaries
Dear Clients, Now but a distant memory, the fourth quarter of 2014 in fact began with the turbulence of early October, stocks were down and volatile; pundits were unanimous that …
Third Quarter 2014 Commentaries
Dear Clients, September lived up to its reputation as historically the most troublesome month for stocks. The S&P 500 finished the month with a loss of 1.4% to narrow the …
Second Quarter 2014 Commentaries
Dear Clients, Major stock market indices started the quarter trading rather nervously. S&P 500 was down during the first week of trading, and then continued to the second week. But …
First Quarter 2014 Commentaries
Dear Clients, It seemed that we have had a volatile three months in the stock market. By the objective measure of the S&P 500 volatility index, the VIX, it really …