Brexit is Beautiful, Act 2

The results of last night’s election are no doubt worthy of an Economic Update. As I shared my initial thoughts with others on Facebook last night – the possible reason behind the Trump surprise and the likely impact on the financial markets today – I found it far easier to re-post what I had written […]

2016-11-09T20:56:17-05:00November 9th, 2016|Economic Updates|

Third Quarter 2016 Commentary and Performance

We enjoyed a nice third quarter rebound following the second quarter, Brexit-induced swoon.  The market’s returns were relatively narrow; technology as a whole did very well and select positions within the health care and consumer discretionary sectors helped our portfolio relative to the market. On a year to date basis, we are finally back into […]

2016-10-04T19:38:35-04:00October 4th, 2016|Economic Updates|

Dead Lawns and Short People

What a boring few weeks it has been.   Following a post Brexit bounce that was surprising to many,  August has largely been, well,  August – about as exciting as dead summer lawns, and  for the kids, the thought of going back to school. But is this a calm before the storm?  We don’t think so. […]

2016-08-31T18:57:07-04:00August 31st, 2016|Economic Updates|

First Quarter 2016 Performance and Commentary Review

The first quarter was a tale of two halves. During the first half, the stock market came under significant pressure as oil prices fell to new lows, broader credit concerns became elevated, and recessionary risks rose.  The second half was marked by a bounce in oil prices on a hoped for production quota agreement from […]

2016-04-04T17:47:01-04:00April 4th, 2016|Blog, Economic Updates|

Fourth Quarter 2015 Commentary and Performance Review

Our portfolio and the stock market bounced back aggressively in the fourth quarter following the Chinese Yuan induced swoon during the third.  We finished the full year in positive territory, substantially ahead of our comparative indices and peer group. While there has been much gnashing of teeth over the narrowness of the market’s gains this […]

2016-01-05T17:01:26-05:00January 5th, 2016|Economic Updates|

Little League Trophies

The financial markets have worn many masks this year.  Like a ping pong ball, wide and powerful swings from Fed pronouncements, movements in the dollar, and the price of oil have contributed to violent and swift changes in mood.  Perception and reality are almost entirely a function of macroeconomic news, but for the very brief […]

2015-11-13T19:36:33-05:00November 13th, 2015|Economic Updates|

Earnings Voids and the Emergence of Plausible Risk

We had put the finishing touches on a market update celebrating our first ten years in business, but were rudely interrupted by the first violence in the markets we’ve seen in nearly a year. Yes, a year. We don’t want to minimize the severity or swiftness with which many stocks have been hit in the […]

2015-08-21T16:45:03-04:00August 21st, 2015|Blog, Economic Updates|

Second Quarter 2015 Commentary and Performance Review

The Broadleaf Growth Equity Portfolio (BGEP) enjoyed another nice gain in the second quarter, both on an absolute basis and relative to the S&P 500.  Performance gains were relatively broad based, both at the sector and individual security levels.  Technology and consumer discretionary related holdings were particular sources of strength during the quarter. Over the […]

2015-07-06T18:33:49-04:00July 6th, 2015|Blog, Economic Updates|
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