September 2018 Market Letter

“Knock, knock, knockin’ on heaven’s door” – Bob Dylan 1973

America lost two iconic figures late last month, and both were quite inspirational to me. Putting it simply, Aretha Franklin had the best voice I’ve ever heard. The daughter of a minister, Aretha was the unquestioned “Queen of Soul”. She could have been easily dubbed the “Queen of Gospel” as well. She had range, power, expression, and emotion. Rolling Stone named her the #1 Singer of all time, and she was the first woman to be inducted into the Rock and Roll Hall of Fame. Aside from her prodigious talent, what really made me R-E-S-P-E-C-T her were actions that went…

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August 2018 Market Letter

This letter will serve as a bit of a departure from most of my missives since I won’t be opining about politics at all. Frankly, there was so much in the way of political news flow this month that I wouldn’t know where to begin or end. Let’s simply suffice it to say that we live in very interesting times.

Besides, the markets had their own massive headlines in July. The proverbial dog days of summer are generally a bit slow on Wall Street since many traders take elongated vacations during this time. However, this month had plenty going on – some of it quite good, some not so much,…

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July 2018 Market Letter

“Oh the times, they are a changing”

Bob Dylan wrote this poignant and prescient song in 1964. It predated the tumultuous end of the 60’s decade and the early 70’s, at least through the impeachment of President Nixon. I’ve stated many times in these missives that conditions today in America are eerily similar to fifty plus years ago, with the exception of the military draft. History has repeatedly shown us that for every trend, there is a counter-trend. The current Trump administration lies in stark contrast to the Obama years, as did that Presidency contrast with that of Bush II. I feel that there’s a more marked difference now, however,…

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June 2018 Market Letter

Apologies for the tardiness of this missive… we’re in the midst of doing some serious integration with W3 systems. We’ve changed our CRM software, which doesn’t mean much to you, but it’s tedious for us. We’re also in the midst of planning and creating a new website which will be a combination of the firms. Normally, summer is a slack period following the joys of tax season, but not this year.

To say the least, May was a crazy month in plenty of other areas. President Trump’s summit with Kim Jung Un was on, then off, now back on again. The Russian investigation inexorably moves ahead, and so does the…

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