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January 2021 Market Commentary

Financial markets suffer from physics envy. They desperately want to see themselves as a respectable hard science. Markets revolve around numbers and mathematics, which implies precision. Academia has
developed equations and attached ornate Greek letters to various metrics, all in an effort to rationalize market movement. But that’s a mirage. . .

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Quarter 4 2020 Market Commentary

If there were ever a year society was eager to close the book on, it would be 2020. For many, last year was taxing on our health, emotionally and financially. We have yet to fully grasp the long-term consequences of the COVID-19 crisis. People and organizations continue to grapple with an unpredictable future. As our foresight shrinks, we all crave a sense of confidence about tomorrow, and our addiction to prediction grows. However, our desire for…

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