April 2021

The majority of asset classes performed well in the first quarter. Equities around the globe and across market caps saw positive returns. The notable laggard was bonds. The Barclays Aggregate Bond index suffered its worst quarter since 1981. Read more

March 2021

Inflation worries have been in the news lately, with some economists suggesting that the fiscal rescue package, mass vaccinations, and supply constraints will lead to a significant rise in prices. We share the Federal Reserve's view that any spike in inflation will be temporary. Read more

February 2021

The latest economic data continues to exceed expectations. The most recent numbers on auto sales, building permits, and retail sales remain robust as the economic recovery progresses. Read more

January 2021

At the end of the first quarter last year, there were bear markets across the globe. By the end of 2020, nearly all equity markets had rebounded, finishing positive on the year. It was a remarkable turnaround, and the S&P 500 saw one of the strongest rallies of all time after the fastest drop in history. Read more