Asset Allocation Reports

Asset Allocation Weekly (January 22, 2021)

by Asset Allocation Committee | PDF In Charles Dickens’s novel A Tale of Two Cities, he writes, “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was… Read More »

Asset Allocation Quarterly (First Quarter 2021)

by the Asset Allocation Committee | PDF The economic recovery is still in the early stages and we maintain that the expected path will be long and slow moving. The Federal Reserve, along with other global central banks, will likely continue to be aggressively accommodative. Another round of fiscal stimulus is expected, which should be… Read More »

Asset Allocation Weekly (January 15, 2021)

by Asset Allocation Committee | PDF Rare events can be difficult for financial markets to accommodate.  In general, prices in financial markets, which are the sum of estimates about the future, take a while to settle on the impact of something that doesn’t happen often.  The recent pandemic, 9/11, the Great Financial Crisis, etc. are… Read More »

Asset Allocation Weekly (January 8, 2021)

by Asset Allocation Committee | PDF Although U.S. equity markets appear richly valued based on historical metrics, relative to interest rates, current values of relative earnings or sales are not extreme.  Thus, the direction of interest rates and, more specifically, the direction of monetary policy, is a key element in equity values going forward.  In… Read More »

Asset Allocation Weekly (December 18, 2020)

by Asset Allocation Committee | PDF (N.B.  Due to the upcoming holiday season, this report will be the last Asset Allocation Weekly for 2020.  The next report will be published on January 8, 2021.) While 2020 was a year in which the word “unprecedented” has been used a lot, there are many areas where the… Read More »

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