One of the investment lessons I have learned over the past few years has been how hard it is to predict what will happen next in the financial markets.  I was already on the side

Stock prices declined for a third straight quarter as markets continue to assess the future prospects for inflation and interest rates.  What makes this year so challenging is that bonds also have performed poorly.  While

One of the many advantages of working at a firm with a rich, long history is occasionally stumbling upon interesting things in our archives.  We were reminded of this recently while updating the assumptions for

Market Update in Six Charts (OK, Five Charts and One Table) Inflation We begin with inflation, which jumped to a 40-year high this year.  Prices of commodities such as copper, aluminum, wheat, and oil already

January 25, 2022 In November of last year, a popular U.S. stock index passed a noteworthy milestone.  The milestone is noteworthy not for what it says about last year’s market performance but rather because of