April 2023 Commentary

April 2023 Commentary

April 2023 Commentary Read the Full Commentary Introduction The Federal Reserve raised its benchmark interest rate by 25 basis points, to a range of 5-5.25%. This brings the rate close to the peak seen just before the financial crisis in 2008. While the market is...
Q1 2023 Quarterly Commentary

Q1 2023 Quarterly Commentary

Q1 2023 Quarterly Commentary Read the Full Commentary Introduction We believe that the Fed reacted too slowly in addressing inflation and, as a result, has tightened too aggressively in the face of a weakening economy and a ballooning federal deficit. As a result, we...
Market Outlook 2023

Market Outlook 2023

Market Outlook 2023 “For the times they are a-changin’.” – Bob Dylan “Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.”  – Peter Drucker   Introduction Our 2023...