4th Quarter 2016 Commentary

The consensus of opinion leading into the fourth quarter of 2016 was that it was going to be a particularly interesting one, and in that sense it didn’t disappoint.   The quarter saw the conclusion of the longest, strangest and most contentious presidential election...

3rd Quarter 2016 Commentary

U.S. equities continued to move higher in the third quarter. The S&P 500 index increased by 3.85%, and is now up 7.84% through September 30. The advance was broad based, as small capitalization stocks enjoyed another strong quarter and international stocks gained...

2nd Quarter 2016 Commentary

It feels like longer than four months ago when financial markets were obsessed by worries over an economic slowdown in China, the collapse in the price of oil and the prospect of a series of interest rate hikes by the Federal Reserve.  As things stand today, however,...