1Q 2022 Commentary Video

We hope you enjoy the video and find our comments informative and beneficial. We encourage and welcome your feedback. This video contains general market commentary and information that should not be construed as advice to make any specific investment. For investment advice, please consult with your portfolio manager. Our quarterly market commentary often contains forward-looking statements, predictions and forecasts (“forward-looking statements”) concerning our beliefs and opinions with respect to the future. Forward-looking statements necessarily involve risks and uncertainties, and undue reliance should not be placed on them. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Investing involves the risk of loss, including risk of loss of principal invested, that clients should be prepared to bear.

Spring 2022 Quarterly Commentary

Our economy is being negatively impacted by inflation. Pent-up demand post-COVID, ongoing global supply chain constraints and the Russian invasion of Ukraine (a new worry) have made inflation a persistent problem that our economy and markets are having a hard time trying to digest. As a result, the ‘s word’ (stagflation) has become commonplace in many Wall Street strategist’s morning research notes. The prospect of a stagnant economy with higher inflation presents a great challenge to policymakers in Washington D.C. The key question is: Will the U.S. economy experience a hard or soft landing?

Year-End 2021 Commentary Video

We hope you enjoy the video and find our comments informative and beneficial. We encourage and welcome your feedback. This video contains general market commentary and information that should not be construed as advice to make any specific investment. For investment advice, please consult with your portfolio manager. Our quarterly market commentary often contains forward-looking statements, predictions and forecasts (“forward-looking statements”) concerning our beliefs and opinions with respect to the future. Forward-looking statements necessarily involve risks and uncertainties, and undue reliance should not be placed on them. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Investing involves the risk of loss, including risk of loss of principal invested, that clients should be prepared to bear.

4Q 2021 Commentary Video

We hope you enjoy the video and find our comments informative and beneficial. We encourage and welcome your feedback. This video contains general market commentary and information that should not be construed as advice to make any specific investment. For investment advice, please consult with your portfolio manager. Our quarterly market commentary often contains forward-looking statements, predictions and forecasts (“forward-looking statements”) concerning our beliefs and opinions with respect to the future. Forward-looking statements necessarily involve risks and uncertainties, and undue reliance should not be placed on them. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Investing involves the risk of loss, including risk of loss of principal invested, that clients should be prepared to bear.

1Q 2021 Commentary Video

We hope you enjoy the video and find our comments informative and beneficial. We encourage and welcome your feedback. This video contains general market commentary and information that should not be construed as advice to make any specific investment. For investment advice, please consult with your portfolio manager. Our quarterly market commentary often contains forward-looking statements, predictions and forecasts (“forward-looking statements”) concerning our beliefs and opinions with respect to the future. Forward-looking statements necessarily involve risks and uncertainties, and undue reliance should not be placed on them. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Investing involves the risk of loss, including risk of loss of principal invested, that clients should be prepared to bear.

Spring 2021 Quarterly Commentary

It has been just over one year since our economy shut down due to the COVID pandemic. What a whirlwind year to say the least! Who would have thought in March 2020 that trillions of dollars of government support (both monetary and fiscal) would be needed to help our economy recover? Probably even more impressive is that Washington DC was actually able to provide the necessary support! As a result, the U.S. economy experienced arguably its greatest recovery of all time.