Market Commentary

The Rally Continues…

August 20, 2009

First off, I thought I would share a little good news with you all. Farr, Miller & Washington, LLC ranked in the top 1% of all large-cap growth managers over the trailing [...]

Déjà Vu Rally

August 5, 2009

The S&P 500 bottomed out on March 9, 2009 after falling 57% from its peak in October, 2007. We sincerely hope the March low will prove to be the final bottom in this ugly [...]

Not Bad By Farr

July 23, 2009

The second quarter earnings season is unfolding better than expected. However, our well-voiced concerns over revenue shortfalls are proving well-founded. Currency headwinds [...]

Early Earnings Surprises

July 15, 2009

In our July 1 email blast, we speculated that after a nearly 100% rise in the S&P Financial Index from the March 9, 2009 lows, further strength in the overall market may [...]

Quarter-Ending Thoughts

July 8, 2009

After exceptional lows in March, markets rallied in the second quarter. While the advance was broad-based, the groups that suffered most in the decline bounced most. Banks [...]

A Tale of Two Quarters

July 1, 2009

Now that the second quarter is in the books, we thought we would take a look back at how we arrived at a 1.8% increase in the S&P 500 so far this year. It was indeed a [...]