May 2017 Market Letter

It’s been a slow few weeks of news (tongue firmly in cheek), so let’s recap a mere few of the headlines:

President Trump successfully nominates Neil Gorsuch to the United States Supreme Court.
After seeing evidence that chemical warfare killed Syrian children, the United States bombed a nearby airbase.
The “Mother of All Bombs” was dropped on an ISIS stronghold in Afghanistan.
After the Federal Reserve raised interest rates by 25 basis points, the bond market responded by driving Treasuries lower.
A Cleveland man randomly kills a stranger and posts the heinous act on Facebook. Also going viral: a United Airlines passenger being forcibly dragged off a plane.
Tensions between North Korea and the world…

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April 2017 Market Letter

The Art of Conceal… The Art of the Squeal… The Art of No Repeal… The Art of No Deal…

No matter how you slice it, the first almost ten weeks of the Trump administration have been dubious with regard to achievements and campaign promises. Friday’s abandonment of Paul Ryan and Tom Price’s brainchild, The American Health Care Plan, was a major signal of Presidential and Congressional ineptitude. Trump’s interest in the politics of getting a bill passed showed lots of rookie mistakes. The arrogance of the Republican team in believing that Obamacare repeal and replace was a slam dunk blew up in their collective faces. Now, after 2 ½ months…

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March 2017 Market Letter

“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”

The British historian and moralist Lord Acton expressed this view in 1887. History has had its share of leaders who fit this proverbial bill, from Roman Emperors to Napoleon Bonaparte to Kim Jung Un. We’re only one month into the tenure of our nation’s 45th President, Donald Trump, and it’s not that far of a stretch to invoke this quote again. I’m not intimating that Trump and his minions have achieved this status yet, but the direction is evident. Stephen Miller, the young White House operative and author of the first ill-fated Muslim travel…

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2017 Inauguration Edition

“If six turned out to be nine, I don’t mind…”

Jimi Hendrix wrote this song fifty years ago, at a time when the United States, if not the world, was being turned upside down. As I watched Donald J. Trump being inaugurated as the 45th President of the United States, I couldn’t help but see many similarities between 1967 and today. Factionalism, racism, protests, unpopular skirmishes abroad, division, feelings of being left behind. The list could be expanded exponentially, but the parallels are striking.

To lend a bit of much needed humor to Friday’s affair, here’s what I learned:

President Trump’s first executive order should have been mandating dance lessons for Vice…

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