Author: John McCorvie, CFA®
Quarterly Client Letter: Q3 2025
When the tech bubble in the stock market inflated during 1999, we don’t recall as much chatter about a bubble as we are hearing today....
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Quarterly Client Letter: Q1 2025
A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages....
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Quarterly Client Letter: Q3 2024
Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by ½ percentage point. This...
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Quarterly Client Letter: Q1 2024
Therefore, we are prepared for a very broad range of interest rates, from 2% to 8% or even more, with equally wide-ranging economic outcomes —...
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Quarterly Client Letter: Q3 2023
Quarterly Client Letter: Q3 2023 A soft landing is a primary objective, and I did not say otherwise. I mean, that’s what we’ve been trying...
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Quarterly Client Letter: Q1 2023
“Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace;...
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Quarterly Client Letter: Q3 2022
We have to get supply and demand back into alignment and the way we do that is by slowing the economy. Federal Reserve Chair Jerome...
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