2023 Third Quarter Review/Outlook

Market Data for the Quarter Ending September 30, 2023: S&P 500 Stock Index: 4288, down 3.6% Ten-year Treasury Note Yield: 4.57%, up .75% Gold: $1,849 per ounce, down 3.7% Oil: $91 per barrel, up 28.2% The S&P 500’s liquidity and artificial intelligence...

2023 Second Quarter Review/Outlook

Market Data for the Quarter Ending June 30, 2023: S&P 500 Stock Index: 4450, up 8.3% Ten-year Treasury Note Yield: 3.82%, up 0.33% Gold: $1,920 per ounce, down 3.3% Oil: $71 per barrel, down 6.6% The S&P 500 continued its powerful rally in the second quarter...

2023 First Quarter Review/Outlook

Market Data for the Quarter Ending March 31, 2023: S&P 500 Stock Index: 4109, up 7.0% Ten-year Treasury Note Yield: 3.49%, down 0.39% Gold: $1,986 per ounce, up 8.9% Oil: $76 per barrel, down 5.4% Both the S&P 500 and long-term Treasury bonds rallied sharply...

2022 Fourth Quarter Review/Outlook

 Market Data for year-end 2022: S&P 500 Stock Index: 3840, down 19.4% Ten-year Treasury Note Yield: 3.88%, up 2.37% Gold: $1,824 per ounce, down 0.3% Oil: $80 per barrel, up 6.7% Both stocks and bonds suffered significant losses in 2022, as persistent inflationary...

2023 Client Letter

Market Data for year-end 2022: • S&P 500 Stock Index: 3840, down 19.4%• Ten-year Treasury Note Yield: 3.88%, up 2.37%• Gold: $1,824 per ounce, down 0.3%• Oil: $80 per barrel, up 6.7% Both stocks and bonds suffered significant losses in 2022, as persistent...