2020 First Quarter Review/Outlook

Market Data for the quarter ended March 31, 2020: S&P 500 Stock Index: 2585, down 20.0% Ten-year Treasury Note Yield: 0.70%, down 1.22% Gold: $1,591 per ounce, up 4.5% Oil: $20 per barrel, down 67.2% Stocks crashed in the first quarter of 2020, as the world faced...

2020 Client Letter

Market Data for year-end 2019: • S&P 500 Stock Index: 3231, up 28.9% • Ten-year Treasury Note Yield: 1.92%, down 0.76% • Gold: $1,523 per ounce, up 18.9% • Oil: $61 per barrel, up 35.6% Virtually every major investment asset class, from stocks and bonds to real...

2019 Fourth Quarter Review/Outlook

Market Data for year end 2019: • S&P 500 Stock Index: 3231, up 28.9% • Ten-year Treasury Note Yield: 1.92%, down 0.76% • Gold: $1,523 per ounce, up 18.9% • Oil: $61 per barrel, up 35.6% Virtually every major investment asset class, from stocks and bonds to real...

2019 Third Quarter Review/Outlook

Market Data for the quarter ended September 30, 2019: • S&P 500 Stock Index: 2977, up 1.2% • Ten-year Treasury Note Yield: 1.68%, down .33% • Gold: $1,479 per ounce, up 2.7% • Oil: $54 per barrel, down 6.5% Stocks advanced in the third quarter in choppy trade, and...

2019 Second Quarter Review/Outlook

Market Data for the quarter ended June 28, 2019: • S&P 500 Stock Index: 2942, up 3.8% • Ten-year Treasury Note Yield: 2.01%, down .40% • Gold: $1,440 per ounce, up 8.9% • Oil: $58 per barrel, down 2.6% Stocks advanced in the second quarter, and bond yields...