Our most recent quarterly comments
  First Quarter 2020
Key takeaways for the quarter include: COVID-19 stole the show; stimulus programs lessened the impact; volatility was the greatest since 2008, and valuations improved notably.
  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.
  Second Quarter 2019
U.S. equity markets continued marching higher in the second quarter.