May 2022 Monthly Letter
The numbers in the May column on the chart below bely the trauma investors experienced through the month. All the major equity indexes hit their worst levels of the year (so far) in the middle of the month. At their Year-to-Date worst, at mid-month, the S&P was off – 18.2%, Nasdaq -28.0%, Russell 2000 -23.5%, […]
Noisy Summer
June 6, 2022 Good morning, Futures are up 1% overnight leading into this week’s market open. Some good news out of China would seem to be the explanation for the market’s overnight strength but the China headlines are thin, I suspect it’s something else – volatility. There is very little in the way of major […]