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Quarterly Newsletter

  • “…and the home of the brave.”

    By on October 23, 2020

    Market Summary – 3rd Quarter, 2020 “There are known knowns; there are things that we know we know. We...

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  • “The Year That Shattered America”

    By on July 17, 2020

    Market Summary – 2nd Quarter, 2020 “All of us might wish at times that we lived in a more...

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  • Our finest hour

    By on April 13, 2020

    Market Summary – 1st Quarter, 2020 “I see great reason for intense vigilance and exertion, but none whatever for...

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  • The more things stay the same, the more they change

    By on January 17, 2020

    Market Summary – 4th Quarter, 2019 “That men do not learn very much from the lessons of history is...

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  • How do you sleep at night?

    By on October 24, 2019

    Market Summary – 3rd Quarter, 2019 “It ain’t what you don’t know that gets you into trouble. It’s what...

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  • Be wary when everyone is on the same side of the boat

    By on July 25, 2019

    Market Summary – 2nd Quarter, 2019 “In calm water, every ship has a good captain.”        ...

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  • March Madness and the Dow

    By on April 30, 2019

    Market Summary – 1st Quarter, 2019 “There are three kinds of lies: lies, damned lies, and statistics.”    ...

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  • Fear itself

    By on January 23, 2019

    Market Summary – 4th Quarter, 2018 Of all the liars in the world, sometimes the worst are our own...

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  • Don’t need a weatherman to know which way the wind blows

    By on November 9, 2018

    Market Summary – 3rd Quarter, 2018 “Why did God create economists? To make the weatherman look good.”    ...

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  • The future that nobody is talking about

    By on August 9, 2018

    Market Summary – 2nd Quarter, 2018 “If I had asked people what they wanted, they would have said faster...

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