Market Commentary

Volatility Reigns!

April 20, 2020

Stocks met a significant milestone this week as the S&P 500 retraced over half of the losses sustained in the coronavirus sell-off.  As I write, the S&P 500 is set [...]

Check Your Exuberance

March 31, 2020

We finally saw a big reversal in risk assets on Tuesday as the S&P 500 soared about 10% after suffering a 34% decline from its peak over the previous three weeks. The [...]

The Bright Side

March 19, 2020

As we continue to endure the uncertainty and market volatility associated with the coronavirus, we thought it would be helpful to point out some of the factors working in [...]

Framing the Downside

March 12, 2020

Stocks are now officially in bear market territory, which means prices are down over 20% from the all-time highs just three weeks ago. In fact, at the time of this writing [...]

The Great Repricing

February 28, 2020

The spread of the novel coronavirus, officially COVID-19, in Italy and South Korea over the weekend was a wakeup call for the markets. And an ugly one. This week is shaping [...]