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...

2022 Client Letter

Market Data for year-end 2021: • S&P 500 Stock Index: 4766, up 26.9% • Ten-year Treasury Note Yield: 1.51%, up 0.59% • Gold: $1,829 per ounce, down 3.6% • Oil: $75 per barrel, up 53% Risk assets, such as stocks and commodities, surged in 2021 as the combination of...

2021 Fourth Quarter Review/Outlook

 Market Data for year-end 2021: S&P 500 Stock Index: 4766, up 26.9% Ten-year Treasury Note Yield: 1.51%, up 0.59% Gold: $1,829 per ounce, down 3.6% Oil: $75 per barrel, up 53% Risk assets, such as stocks and commodities, surged in 2021 as the combination of...

2021 Third Quarter Review/Outlook

 Market Data for the quarter ended September 30, 2021: S&P 500 Stock Index: 4308, up 0.2% Ten-year Treasury Note Yield: 1.53%, up .09% Gold: $1,753 per ounce, down 1.0% Oil: $75 per barrel, up 2.1% US stocks eked out a slight gain in the third quarter, as their...

2021 Second Quarter Review/Outlook

Market Data for the quarter ended June 30, 2021: S&P 500 Stock Index: 4297, up 8.2% Ten-year Treasury Note Yield: 1.44%, down .31% Gold: $1,771 per ounce, up 3.7% Oil: $74 per barrel, up 24.6% Stocks put in another impressive quarter of gains in the second quarter...