Dear friends, We hope this letter finds you well. Since our last correspondence, we have witnessed the failure of a few small U.S. banks, including Silicon Valley Bank (SVB) and uncertainty lingers about the U.S. and European banking systems. Some investors are concerned that the failure of these few small, regional banks including SVB (andRead more “Spring 2023 Newsletter: Market Update”

We hope this letter finds you well. As we write, markets continue to struggle after significant declines from all-time highs reached in December, 2021. Globally, stocks are in a bear market (think: hibernation). In the wake of a huge and surprising rally in stocks since March 2020, investor sentiment has flipped from cheerful to gloomy.Read more “Fall 2022 Newsletter: Market Update”

We hope you are keeping well. Since our last correspondence broad Canadian and U.S. stock indices have declined, or corrected [a “correction” denotes a decline of 10%-20%]. While 2022 began with the S&P 500 at an all-time high, it had plummeted close to 20% through May 18[1]. The NASDAQ 100 Index, with a heavy weightingRead more “Spring 2022 Newsletter: Market Update”