April 2022 Monthly Letter
Let’s get through the sea of red first, you already know from morning notes that the first 4mo of this year is the worst start of a year since 1939. And as unfair as asymmetry can feel in any area of our lives, it just doesn’t matter that about half of April’s crushing losses all […]
Within Expectations
May 9, 2022 Good morning, For all the market volatility and investor angst produced last week, when the dust settled, the S&P 500 Index was little changed on the week – down 8pts (-0.20%). That isn’t case this morning. From the opening bell in Asia last night and then Europe early this morning, markets (bonds […]
Coming Up 3’s
May 6, 2022 Good morning, On Wednesday afternoon, during the Q&A session following the end of this week’s Fed meeting, Jerome Powell seemed to perfectly thread the Dove/Hawk needle for investors, and the equity market shot up +3.01% (by S&P 500 measures) on the day. Apparently, with a night to sleep on it, bond market […]