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   A rally in the equity markets the last few days of December into early January kept them on the edge of bear market territory, but 2018 reintroduced a degree of volatility not seen for several years, leaving the major indices deep in a correction.

Summer weather is here at last and for New Englanders, one of the coolest springs in memory is officially over.

Since the major pullback in late January, domestic equity markets have been marked by volatility. Initially Energy, REITs, and Utilities were particularly vulnerable, as investors worried that Fed policy would continue to tighten.

  2017 has been a record breaker for domestic equities, closing with the second longest bull run to date. The last time the S&P slumped 3% or more was November 2016, according to CNNMoney Invest. Not surprisingly, many analysts and market prognosticators are predicting a significant correction, or even a “crash” being imminent.

THIRD QUARTER 2017 NEWSLETTER

   The "Lazy, Hazy, Crazy Days of Summer" are upon us. Can you hear the voice of Nat King Cole on the radio? If you don't know what we are talking about, ask Siri or Alexa to play it for you. The last several weeks have featured a lack of direction in the equity market, Fed, and Congress.

FIRST QUARTER 2017 NEWSLETTER

Fourth Quarter 2016 Newsletter

As we write this, the Chicago Cubs have just won the World Series, after being down 3 games to 1, in extra innings, following a rain delay. They have not won a World Series since 1908. The nation will also be electing a new president, marking the end of what many feel is the most unusual and stressful campaign in memory.