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Client Letter March 2020

Client Letter March 2020
Sober Optimism
Yesterday all my troubles seemed so far away…

That famous Beatles song perhaps captures how we might be feeling after the stock market, which had reached all-time highs just two weeks ago, suddenly dropped nearly 15% on concerns about the spread of the coronavirus. The bond market, on the flip side, was such an easy game to play, rising 3-4% year to date as interest rates plummeted to 1% on the 10-year Treasury, reflecting fears about a significant slowdown in the US and world economy. Read full Article 

Client Letter April 2020
Client Letter February 2020

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In today’s letter we share some perspectives on inflation, and the re...

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