Q1 2021

Dear Sir or Madam, We hope this letter finds you safe and healthy during these still-unprecedented times. The most tumultuous year in recent memory ended on a high note for markets as the fourth quarter brought political and medical clarity, and that resulted in...

Q4 2020

Dear Sir or Madam, We hope that this letter finds you safe and healthy during these still-unprecedented times. 2020 continued to be one of the most unpredictable years in memory, as markets rose to new all-time highs in the third quarter despite a resurgence in...

Q3 2020

Dear Sir or Madam, We hope that this letter finds you safe and healthy during these unprecedented times. Markets staged a historic rebound in the second quarter driven by an initial peak in the growth of coronavirus infections in April; economic reopenings across the...

Corona Virus Letter | March 18, 2020

Dear Sir or Madam, Volatility has surged in financial markets, as investors react to the potential economic and earnings fallout from the rapid global spread of the coronavirus. Given what has been historic volatility, we wanted to provide you with a market update...

Q1 2020

Markets welcomed the positive resolution of several key macroeconomic unknowns in the fourth quarter, and that improved clarity sent the broader stock market higher over the past three months. The solid fourth quarter gains helped the S&P 500 index achieve its...