2Q16 Portfolio Commentary

I consider myself very fortunate to ride my bicycle to work every day.  It allows my thoughts to expand outside the influences of media and noise of the markets during my 20 mile round trip. The rhythmic cadence of pedal strokes and the breeze in my face seems to...

Fear or cheer the Brexit?

Markets around the world tumbled this morning on news that voters in the United Kingdom (UK) chose to exit the European Union (EU), the so-called “Brexit” referendum.  In the aftermath of the vote, pundits and prognosticators are, as usual, calling for economic...

Elephants, Donkeys, Bulls and Bears

“I am moving to (name your favorite non-U.S. country) if that person gets elected” –a common response heard in many conversations we have been having this year. I can’t remember the last time a presidential election cycle drummed up so much negativity – both on the...

1Q16 Portfolio Commentary

“Between a rock and a hard place”…It’s a phrase we’re all familiar with and also happens to be where the stock market finds itself. The first quarter of 2016 saw our growth benchmark, The All Country World Index (ACWI) drop 12.15% at its nadir in early February,...