February 2026 Market Commentary

January was a battle between high quality stocks and lower quality stocks. Lower quality stocks won.  That includes small and micro caps.  (Our view is that the primary small cap stock index, the Russell 2000, is a low-quality index.  About 40% of stocks in the index...

January 2026 Market Commentary

THE INVESTMENT LANDSCAPE FOR 2026 Happy New Year!  The beginning of a new year is as good a time as any to take an inventory of important variables affecting investors and to see what the investment landscape looks like.  The summary below attempts to do just that....

December 2025 Mid-Month Recap

As we enter our 45th year in the business of serving clients with portfolio management, we are reminded how fortunate we are to work with people like you – you inspire, challenge, and elevate the work we do.  We are truly grateful for your continued trust, support,...

December 2025 Market Commentary

Current retail investor sentiment is mostly mixed so not much to be taken from that. However, one indicator stands out.  Last week the CNN Fear and Greed Index was sitting at one of its most “extreme fear” levels of the year – see below. Source:  CNN Remember that...

November 2025 Mid-Month Recap

One of the headwinds for the market over the last few weeks has been the more hawkish commentary from Fed officials. This follows the surprisingly hawkish tone struck by Fed Chair Powell at the October meeting.  As a result, the odds of a December cut have tailed off...