March 2026 Recap
The Economic Outlook: Structural Stability vs. External Friction The U.S. economy currently shows a sturdy structural foundation, supported by a favorable trend in jobless claims and an absence of broad-based layoffs. This is not a classic demand-collapse story, but rather a period of recalibration driven by external variables. The primary factor is the Strait of […]
Small Cap Performance
Below are the calendar year and annualized returns for our small cap composite portfolio. Ending 3/31/2026 3 Month 6 Month YTD 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year Average Annualized Since Inception* Small Cap – Gross +6.40% +4.53% +6.40% +98.97% +38.93% +31.56% +18.87% +19.70% +35.16% +25.06% Small Cap – Net […]
Small Cap Q1 2026 Commentary
Positive Returns in an Uncertain World We had a strong start to the year despite ongoing geopolitical tensions and rapid developments in artificial intelligence. Our small cap strategy continues to serve its intended role, providing both diversification and attractive long-term returns. During the quarter, large-cap technology stocks struggled, pulling major indexes into negative territory. While […]
War, Credit Worries and AI Anxiety Weigh on Stocks
By John Lau, CPA, CFP® April 1, 2026 – The first quarter of 2026 started off with a bumpier ride than many investors expected. Markets were pulled in different directions by a mix of global events, concerns in parts of the financial system, and some growing questions around how artificial intelligence could impact certain industries. […]