Market Commentary

February 2020 Update

For all your days prepare, And meet them ever alike: When you are the anvil, bear – When you are the hammer, strike. – Edwin Markham Markets Each of the Portfolios supplied better performance than its benchmark over a volatile February. Stocks fell quickly and substantially, particularly the last week

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January 2020 Update

Let joy be in your journey, not some distant goal. – Tim Cook, Apple CEO Markets For the most part our companies had a great start to 2020. Our energy companies in the Growth Portfolio gave back some of the recent gains on corona virus fears, which was offset partially

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December 2019 Update

The real voyage of discovery consists not in seeking new landscapes but in having new eyes. – Marcel Proust It is the emptiness within the cup that makes it useful. – Lao-tzu Markets Value stocks continued their march higher in December, granting the Growth Portfolio another one of its best

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