Client Letters
First-hand examples of communications we send directly to clients sharing our pulse on the markets.
Client Letter 2020 Q1
Q1 2020 Market Results The first quarter of 2020 was, without question, one for the history books. The world was introduced to coronavirus 2019, a.k.a. COVID-19, after its January outbreak in China. Although not overwhelmingly notable at first, the virus quickly spread in China, then to other countries and was officially labelled a pandemic on
Client Letter 2020 Q1
Q-4 2019 Market Results The fourth quarter of 2019, and the full year of 2019 were good for the markets, especially the U.S. The U.S. S&P 500 index was up +9.07 for the quarter and +31.49% for the year. The international market index was up +8.17% for the quarter and up +22.01% for the year.
Client Letter 2019 Q4
Q-3 2019 Market Results The third quarter of 2019 was not a great quarter for market returns, but it was far from bad. The U.S. S&P 500 index was up +1.70%. The international market index was down -1.07% and emerging markets were down -4.25%. Global ex-U.S. was down -1.80%. Bonds did surprisingly well with the
Client Letter 2019 Q3
2019 Vacation As we do each year, we want to advise all Portfolio Management clients about our upcoming vacation plans. We will be out of the office from Wednesday, August 21 through Monday, September 2, 2019. We will be back in the office on Tuesday, September 3. During this time, we will have limited access
Client Letter 2019 Q2
Q-1 2019 Market Results What a difference a quarter makes. The first quarter of 2019 was an almost complete reversal of what we saw in the fourth quarter of 2018. The U.S. S&P 500 index was up +13.65%. The international market index was up +9.98% and emerging markets were up +9.93%. Global ex-U.S. fared slightly