The summer of 2018 here in CT had two versions. Version one through most of June had lots of sun and hot temperatures. The second version starting in late June was still very hot, but included a veritable flood of rain. All you can do is roll with it. I hope you all had an enjoyable summer and managed to stay cool and dry wherever you were. It’s time now to enjoy fall and prep for winter.
August 22, 2018 was Sandra’s and my 20th wedding anniversary. The photo above is a selfie we took in upstate NY where we celebrated on vacation. Being married for twenty years, and happy on top of it, takes effort from both of us. Working together to build and manage our business adds another dimension, but for us it’s exactly what we worked toward for many years. We consider ourselves very lucky to have each other, and we want to thank everyone for the kind wishes they sent for our anniversary. Note to friends: don’t be concerned, the beard is long gone.
Last Quarter Round Up
The third quarter of 2018 was a decent quarter for most markets. At the top of the list, the U.S., as represented by the S&P 500 index had a great quarter, up +7.71%. YTD for the U.S. is +10.56%. International markets were up +1.35% for the quarter, but down -1.43% YTD. Emerging markets continue to disappoint at -1.10% for the quarter and -7.68% YTD. The U.S. bond market was barely above flat at +0.02% and down -1.60% YTD. Short-term treasuries were up again at +0.49% for the quarter and +1.28% YTD. The rise in short-term treasuries could indicate a degree of uncertainty in riskier assets, especially riskier bonds.