“The best lack all conviction, while the worst are full of passionate intensity” – William Butler Yeats, The Second Coming The absence of an economic recession in the U.S. economy in 2023 was a surprise to numerous market commentators. Wall Street...
“Inflation, the rise in priceThat leaves us feeling not so niceThe value of money starts to fallAnd we’re left with less, overall We hope for better days to comeWhen prices will stabilize and becomeAffordable once againAnd we can breathe a sigh of relief, amen.”...
“Men are not disturbed by things, but by the view which they take of them.” ~ Epictetus (AD 50-135) Market Roundup Stoic philosopher Epictetus built his life around discipline and equanimity in the face of many challenges. But even he may have been...
Q2 Cornerstone Investment Note: Recession or speed bump? What a difference a year makes. This time last year, technology stocks were still enjoying the tailwinds of the remote-work/reopening trade as the decade-long bull market in growth stocks powered on. Then came...
In the 1930s radio drama “The Shadow”, the narrator uttered the famous introduction “Who knows what evil lurks in the hearts of men? The Shadow knows!” Too bad the Shadow couldn’t have clued us in to Vladimir Putin’s plans for Ukraine. The human cost of the...
As you’re likely aware, the Russian invasion of Ukraine has begun. While we don’t claim to know more than the experts on the ground, we thought it would be helpful to provide some historical perspective on comparable events in the past and the impact they had on...
