Volatility Makes A Comeback

May 1, 2018

What a difference a few months can make. In January we were enjoying the longest period without a pullback of more than 3% in market history, and now here we are in […]

2018: Big Picture

February 1, 2018

Even though the year has just begun, we’ve already set several impressive records in the markets. In fact, with the S&P 500’s positive performance in January, we realized our fifteenth month of […]

Risk Management: A Core Approach

October 17, 2017

In the last commentary I discussed a major market loss like that of the early 2000’s or 2008, as the single biggest risk for most investors. Today I’d like to discuss that risk from […]

Market Cycle: Is It Late?


July 17, 2017

Thus far 2017 has been a good year for investors. In fact, it’s been the best start to an investment year since 2006, with a moderate 60/40 benchmark portfolio up a healthy 6.3%.

Performance like […]

Market Commentary: Cross-Currents

April 19, 2017

Thus far, US and global markets have performed well in 2017. In fact, moderate risk investors have enjoyed the best cross the board start to an investment year since 2012, with a […]

Market Outlook 2017


January 14, 2017

As we embark on 2017, the mood in the market has turned, and Wall Street forecasts have gone from a multi-year low-return expectation to a much more optimistic mid-single digit range.

The question for investors is […]

Major Policy Shift Alters Risk-Reward

November 15, 2016

In the wake of Brexit in the U.K. and the election of Donald Trump in the U.S., 2016 has now secured its place in history as a historic year of change. In […]

Year-End Financial Checklist

Hard to believe, yet here we are once again entering the final weeks of another year.  But before the fun and madness of the holiday season are upon you, there’s likely no better time […]

One Step Forward But Market Uncertainty Remains High

During the past seven months the market has remained surprisingly calm in the face of weak earnings, mixed economic data, and political uncertainty.

We all know the Fed and other central banks (CBs) have […]

Market Risk Remains Elevated

On Wednesday, the Fed decided once again not to raise interest rates, while stating all was well with the US economy. But in contrast to the reassuring comments, they also lowered guidance for economic growth in 2016.

The Fed, over the […]