As 2019 was ending, we positioned portfolios ahead of what we thought might be a contentious 2020: election year, late cycle, tariffs, etc. You may have heard us say, “We did not have a global pandemic on the 2020 bingo card!” Similarly, as we look back at March of...

Anniversaries are traditionally a reason to celebrate. Yet, as we approach the one-year anniversary of the S&P 500 index hitting its 2020 low of 2,191.86 on March 23, 2020, I find myself relieved, tired and excited all at the same time.  I took this...

The new year brings all kinds of forecasts and predictions, especially a year with a presidential election. We enter this decade in the longest bull market in history. Investors look into a future that likely includes negative interest rates, technological...

As 2020 winds down, I am glad to leave this year behind us! In 2021, I look forward to going back to the movies, visiting museums in DC, and taking camping trips with our Boy Scout Troop. Whatever your hopes for the future are, I am sure you are as excited as I am....

While the headlines around rising COVID cases in the U.S. (and Europe) seem grim, the market has so far rewarded investors with the recent vaccine news from Pfizer and Moderna. The macro outlook remains fraught with mixed signals: on one hand, improving economic data,...

While we are still waiting for the results of the 2020 election, changes in presidential administrations have rarely led to material fundamental changes in how the U.S. economy works in the long run. While not certain, it appears there is a greater possibility of a...

Belgium. Canada. El Salvador. What do these countries have in common? They are the birth places of our Research Team. I could have also included India earlier this year. Yet, all of us are Americans. As we approach November 3rd, regardless of your political...

First, it was toilet paper. Then it was N95 face masks and Lysol. Now, it’s HP printer cartridges. With our children taking virtual classes, our usage of paper and ink has skyrocketed over the last few months. Like many American families, we are once again adapting to...