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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 May 2019 comment.

Core Strategy
Will Wurm
Will Wurm

PDF download Q1 2019 : Reversal

Summary: The first quarter of 2019 saw a tremendous reversal in equity markets from the lows seen in late December. The S&P 500 has gained approximately 13% year to date and our portfolios have prospered as well. As we noted in our previous monthly commentaries, investor risk appetite has returned and gains were most pronounced in the Technology, Industrial and Consumer Discretionary segments indicating a belief that a recession is not in the near future.

Past issues:     Q4 2018     Q3 2018     Q2 2018     Q1 2018    

Municipal Fixed Income
Evan Slater
Stephen Steglitz



PDF download Q1 2019 : Municipal Market Update

Past issues:     Q4 2018     Q3 2018     Q2 2018     Q1 2018