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...

2022 Third Quarter Review/Outlook

 Market Data for the quarter ended September 30, 2022: S&P 500 Stock Index: 3586, down 5.26% Ten-year Treasury Note Yield: 3.80%, up .83% Gold: $1,672 per ounce, down 7.3% Oil: $79 per barrel, down 25% After surging in July off significantly “oversold” price and...

2022 Second Quarter Review/Outlook

Market Data for the quarter ended June 30, 2022: S&P 500 Stock Index: 3785, down 16.5% Ten-year Treasury Note Yield: 2.97%, up .64% Gold: $1,804 per ounce, down 7.4% Oil: $106 per barrel, up 6% US stocks and bonds suffered heavy losses in the second quarter of...

2022 First Quarter Review/Outlook

 Market Data for the quarter ended March 31, 2022: S&P 500 Stock Index: 4530, down 4.95% Ten-year Treasury Note Yield: 2.33%, up 0.82% Gold: $1,949 per ounce, up 6.6% Oil: $100 per barrel, up 33% Stocks and bonds declined, while commodities rose in the first...