Our most recent quarterly comments
Fourth Quarter 2019
Key takeaways for the quarter include: The Fed had a pivotal role in 2019; the investment world was arguably turned on its head during the year; and equity markets aren't pricing in any missteps, in our view.
Third Quarter 2019
Key takeaways for the quarter include: U.S. equities eked out modest gains, except small caps; volatility was elevated and geopolitical tensions remained high; the Fed cut interest rates twice and investors chased yield; and the Initial Public Offering market is showing signs of stress.
First Quarter 2019
Most asset classes were off to the races during the first quarter as they partially recovered from a difficult end to 2018.