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Market Commentary

Our portfolio managers give you their analysis of current economic trends
within their targeted area of investment

Please read our PDF download special January 2019 comment.

Core Strategy
Will Wurm
Will Wurm

PDF download Q4 2018 : Grateful—2018 Is Over

Summary: Peaking in mid-September, markets were subject to a rapid correction, defined as a decline of 10–20%, dropping approximately 14% into year-end; historically the worst quarter since the financial meltdown back in 2008. The S&P 500 finished the year with a negative price decline of approximately 6.2%.

Past issues:     Q3 2018     Q2 2018     Q1 2018     Q4 2017    

Municipal Fixed Income
Evan Slater
Stephen Steglitz



PDF download Q4 2018 : Municipal Market Update

Past issues:     Q3 2018     Q2 2018     Q1 2018