November Private Client Letter - The Beginning of the End ??

October was a difficult month for investors. Concerns that the U.S. economy could be overheating has prompted the Federal Reserve (FED) to raise interest rates three times this year, with another rate hike largely expected in December. Separately, equity investors began to fear slowing economic growth next year and the related risks to corporate profits.

Read More

October Private Client Letter - Maintaining Global Diversification

In last month’s Private Client Letter I discussed how the current bull market now ranks as the longest running bull market on record (without experiencing a 20% correction); surpassing the 1990-2000 technology uptrend. With U.S. equities near all-time highs, globally diversified investors have seen their portfolios underperform the S&P 500 over the past year and understandably question the logic of their foreign holdings.

Read More