10/3/19: Comments on Recent Market Selloff

In recent days, we have experienced a selloff from the new market highs reached in September 2019. This selloff is normal as equity owners take profits off the table and as uncertainty of international trade again raises its head. This should be very short-term! The...

A Normal Correction

Since the market opened last Thursday, we have seen the market give up a portion of this year’s extraordinary gains. The S&P 500 index as of this morning at 11:40am is down 2.25%. Let’s differentiate between a normal “correction” and a longer-term, more serious...

Is the Party Over?

Much has been written in the secular and financial press lately about the bull market in stocks being over. But is it really? I have several observations that I think will help you understand better why we believe it’s nowhere near over. First, equity market movements...

Play the Long Game

May has not been a friendly month for our nation’s equity markets. Through yesterday’s close, the S&P 500 Index is off 5.33%. This means that, for the first five months of 2019, Spectrum clients have annualized returns, net of all costs, of 12.53%, but also have...

Investment Philosophy

After 32 years of practice and having the privilege of working for so many wonderful and incredible folks, as well as having the best staff I have been privileged to work with, you’d think I would be able to more clearly and persuasively explain how our firm has the...