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Quarter 1, 2019 Newsletter

  • April 3, 2019
It is said that patience is a virtue; the stock market certainly appears to value it as such.  Following its worst December since 1931 due in large part to fears that the Federal Reserve would raise interest rates too aggressively…
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Quarter 4, 2018 Newsletter

  • January 7, 2019
Another year is in the books!  We trust you had a wonderful holiday and brought in the New Year with cheer. A quick review of 2018 shows that the 2017 global equity rally continued into 2018 on the back of…
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Quarter 3, 2018 Newsletter

  • October 3, 2018
As French entertainer Maurice Chevalier once said, “Old age isn’t so bad when you consider the alternative.”  The current bull market recently became the longest on record after reaching 3,453 days on August 22nd.  The rally, which began in March…
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Quarter 2, 2018 Newsletter

  • July 2, 2018
French critic Jean-Baptiste Alphonse Karr’s famous quote, “the more things change, the more they stay the same,” rang true in the 2nd quarter of 2018.  Despite the return of volatility to the markets in 2018, after an unprecedented year of…
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Quarter 1, 2018 Newsletter

  • April 2, 2018
It looks like Isaac Newton’s observation under the apple tree can be applied to the stock market as well as to fruit: What goes up must come down (at least a little bit).  After a strong January concluded an unusually…
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Cyber Security Newsletter

  • February 16, 2018
Cyber security has become a giant topic over the last couple of years.  With all the different companies talking about breaches of client information, we often forget about all the individuals that could potentially have their own cyber breach.  With…
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February 2018 Market Update

  • February 9, 2018
During the past week, we have seen some wild swings in the market.  A number of factors have likely contributed to this spike in volatility, including:   We are long overdue for a market correction.   Investors are concerned that…
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Quarter 4, 2017 Newsletter

  • January 5, 2018
Our past three quarterly letters have discussed the reasons why the stock market continues to do well. As we enter 2018, none of these reasons have changed in any meaningful way. Corporate earnings growth continues to be strong and will…
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Quarter 3, 2017 Newsletter

  • October 2, 2017
The Golden Century is the name of the period in Dutch history between 1600 and 1700 when the port city of Amsterdam was one of the richest of all cities in Western Europe due to its strong role in international…
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Quarter 2, 2017 Newsletter

  • July 1, 2017
It seems about the only thing that has remained calm amid all the recent turmoil here and abroad is the stock market. Bolstered by an improvement in corporate earnings growth, the market has continued its steady climb higher despite facing…
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