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...

Market Update: March 22, 2019

Today the market, as measured by the S&P 500, is down 1.63% (as of 3:35pm EST) on a renewed (and completely irrational) fear of a yield curve inversion (which has not occurred and is extremely unlikely to occur in the intermediate future) and the fear of worldwide...