Quarterly Newsletters

January 2021

Fourth Quarter 2020 Market Review.

Topics include: Market Review 2020: Looking Back On an Unprecedented Year.

Download here: 2020 Q4 Market Review

Additional report from our friends at First Trust: First Trust Market Perspectives

October 2020

Third Quarter 2020 Review of the World Stock Markets.

Topics include: Growth Stocks Versus Value Stocks.

Download here: 2020 Q3 Market Review

Additional Report from our friends at Morningstar: Morningstar Market Observer Q42020

July 2020

Second quarter 2020 review of the markets.

Topics include: Long-Term Investors: Don't Let a Recession Faze You!

Download here: 2020 Q2 Market Review

April 2020

First Quarter 2020 Market Review.

Topics include: The Coronavirus and Market Declines.

Download here: 2020 Q1 Market Review

Matt Stewart's letter to clients regarding the market declines. Download here: 2020 Q1 Client Letter

January 2020

4th quarter 2019 stock and bond market review.

Topics include: Tuning Out the Noise - when faced with short-term noise from headline news, it's easy to lose sight of the potential long-term benefits of staying invested.

Download here: 2019 Q4 Market Review

October 2019

3rd quarter 2019 review of the markets.

Topics include: Timing Isn't Everything - How hard is it to time the market?

Download here: 2019 Q3 Market Review

July 2019

A review of the various world stock and bond markets covering the 2nd quarter of 2019.

Topics include: The Uncommon Average - How often does the stock market's annual returns actually align with its long-term average?

Download here: 2019 Q2 Market Review

April 2019

2nd quarter newsletter reviewing markets and economy over the 1st quarter 2019.

Topics include: Is the bull market back on track?, strong employment environment continues, yield inversion of the 10-year/3-month treasuries, the death of John Bogle, and crazy wedding cakes.

Download a copy here: 2019 2Q Newsletter

January 2019

1st quarter newsletter, including a review of the markets and economy in the 4th quarter of 2018.

Topics include: market corrections; Federal reserve..."a long way from neutral"; record EPS growth for 3rd quarter; negative earnings growth outlook for 4th quarter; first yield curve inversion since 2007; worst Christmas Eve for the markets ever.

Also covered: update on stock model strategies; value outperforms growth in Q4; and Banksy prank.

Download a copy here: 2019 1Q Newsletter

October 2018

A review of markets in the 3rd quarter from Morningstar.

Download a copy here: Morningstar Market Review of Q3

July 2018

3Q 2018 Newsletter, including a review of the markets and economy in the first half of 2018.

Topics include: GDP numbers; Fed Chairman Jerome Powell; the flattening yield curve; quarterly earnings; growth versus value style; Tax-return identity theft; and eyeball tattoos.

Download PDF here:  2018 3Q Newsletter