Client Communications

“Success is achieved and maintained by those who try and keep trying” –W Clement Stone While investing is a forward looking activity, the beginning of a New Year provides a moment to reflect upon what transpired in 2022 versus what we initially predicted. We were correct identifying the key themes as a hawkish Federal Reserve […]

“All you need is the plan, the road map, and the courage to press on to your destination” –Earl Nightingale The theme for 2022, which we identified in January, was one of a Federal Reserve intent on tightening to fight inflation. Year-to-date the Fed has raised rates five times and the Fed Funds rate has […]

“If one does not know to which port one is sailing, no wind is favorable” –Lucius Annaeus Seneca We often compare sailing to investing. It is in choppy waters that a sailor’s mettle is tested. In this note, we’ll highlight the items we are monitoring as we navigate the first economically driven bear market since […]

“The fight is here; I need ammunition, not a ride” -Volodymyr Zelensky While President Zelensky of Ukraine is responsible for the heroic comment above, one could imagine hearing it uttered more mundanely by the Fed Governors as they debate how best to tame the inflationary pressures enveloping the economy. Once characterized as being transitory, it […]

“It is better to sleep on things beforehand than lie awake about them afterwards” -Baltasar Gracian We find it cathartic taking time at yearend to reflect upon how our predictions transpired in 2021. Our initial projections included the belief that economic growth would accelerate through the year driven by federal relief programs as well as […]

“Every exit is an entry somewhere else” -Sir Tom Stoppard After almost two years of living in a pandemic we are about to emerge into the next phase. Thanks to the creation of highly effective vaccines and medical treatments, the likelihood of dying from the virus for those who have been vaccinated is almost nil. […]