Newsletters

Hello friends, We hope this letter finds you well. Over the past few years, we have witnessed a steep increase in the prices of precious metals such as gold and silver. We have fielded some inquiries so we thought it would be of interest to you if we organized our thoughts on this topic in […]

Hello friends, Since our last correspondence, the U.S. stock market has once again shown its resilience and rewarded the “buy-the-dips” crowd, making a sharp recovery from a 10-15% correction in April. This brief downturn was not unusual and after all, the S&P 500 had been up more than 20% in each of the prior two […]

Dear friends, We hope this letter finds you well. In this letter, we provide commentary on U.S. stocks, the “magnificent seven” and geopolitical headlines including tariff threats. Given the threat of tariffs that has dominated the news cycle, many of you might ask, “What impact will potential U.S. tariffs on Canadian, Mexican and Chinese goods […]

Dear friends, We hope this letter finds you well. It is a new year, so we write to give our thoughts on two topics: the stock market and interest rates.   As you are aware, fixed income investments (i.e. those that pay a fixed rate of interest and promise to return your principal at a […]

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 (and […]

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. […]