Investment Letter Archive

2022 Q3 Investment Letter (Bear Markets & Recoveries)
in 0by
917

2022 Q3 Investment Letter (Bear Markets & Recoveries)

https://vimeo.com/781604302 The S&P 500 Index returned -4.88% and the S&P Global Broad Market Index returned -6.58% in the quarter ended September 30, 2022, driving the markets even further into bear market territory.1, 2 While bear markets are never pleasant, it’s important to remember that these periods of downward volatility are quite common, have historically been …

…

2021 Q3 Investment Letter (Portfolio Adjustments)
in 0by
1100

2021 Q3 Investment Letter (Portfolio Adjustments)

https://vimeo.com/651170618 The S&P 500 Index returned 0.58% and the S&P Global Broad Market Index returned -1.03% in the quarter ended September 30, 2021.1 From an overall market return perspective, the third quarter proved uneventful. However, under the surface, we saw a continuation of the substantial year-to-date outperformance of cyclical sectors such as financials and real …

…