First-hand examples of communications we send directly to clients sharing our pulse on the markets.
Client Letter – July 2026
Q2-2026 Market Results The second quarter of 2026 was a decent one for investors as most markets were up for the quarter. The S&P 500 was up 15.20% for the quarter, and International stocks were up slightly less at 9.80%. Emerging Markets were also up strongly at 18.12% for the quarter. Intermediate bonds were up
Client Letter – April 2025
Q1-2025 Market Results It was a somewhat disappointing quarter for the U.S. markets. The S&P 500, our preferred measure of U.S. stock markets, was down -4.27% for the quarter. Interestingly, International markets were up +6.88% for the quarter, and Emerging Markets were up +2.98% for the quarter. Over the past decade, it has been unusual
Client Letter – January 2025
Q4-2024 Market Results Another decent quarter for the U.S. markets and another very good year for the same. For the quarter the S&P 500 was up +2.41%, and up an impressive +25.02 for the year in total return. International markets were down -8.30% for the quarter and up a small +1.14% for the year. Emerging
Client Letter – October 2024
Q3-2024 Market Results It was another good quarter for the stock market and client portfolios. For the quarter, the S&P 500 was up +5.89%, continuing its strong run this year. International markets were up even more for the quarter, at +6.57%. Emerging markets were up even more, at +7.78 %. Bonds were up an impressive
Client Letter – April 2024
Q1-2024 Market Results The recovery continues. The first quarter of 2024 was strong, especially as it relates to stock investments. For the quarter, the S&P 500 was up +11.17%, an impressive run after last quarter’s strong return. International markets were also up at +5.06% for the quarter. Emerging markets were up but less strong at