Portfolio Manager Commentary

Market Commentary Legend has it that British troops played the song “The World Turned Upside Down” during their surrender at Yorktown. The song originated from an English ballad from the …

Market Commentary Legend has it that British troops played the song “The World Turned Upside Down” during their surrender at Yorktown. The song originated from an English ballad from the …

Performance Attribution The first quarter of 2025 presented a more challenging environment for equity markets than initially anticipated. Post-election optimism for lower regulatory bureaucracy and business-favorable policies from the new …

Market Commentary “To be, or not to be, that is the question” is from William Shakespeare’s Hamlet. In the scene, Prince Hamlet contemplates the pain and unfairness of life versus …

Market Commentary “To be, or not to be, that is the question” is from William Shakespeare’s Hamlet. In the scene, Prince Hamlet contemplates the pain and unfairness of life versus …

Performance Attribution The typical Santa Claus rally of positive returns in the final days of December and the first two of January did not emerge this year, but the final …

Performance Attribution As with much of the year so far, investors were fixated during the quarter on two interrelated issues. First, when and by how much the Federal Reserve would …

Market Commentary In the 1967 movie The Graduate, Dustin Hoffman’s character Benjamin is taken aside by a family friend at his graduation party and is told that he has one …

Market Commentary In the 1967 movie The Graduate, Dustin Hoffman’s character Benjamin is taken aside by a family friend at his graduation party and is told that he has one …

Performance Attribution During the second quarter, markets continued to evaluate evidence that suggests higher interest rates may finally be taking effect as data indicated economic growth continued albeit at a …