In response to President Trump placing 10% tariffs on an additional $300 billion in Chinese exports beginning September 1st, China allowed its currency to depreciate below the important psychological CNY¥7/USD$1 level, which shook global equities markets. In quick succession, the U.S. slapped China with the “currency manipulator” label, China announced it would stop buying U.S. agricultural products, the U.S. [...]

I hope everyone has been enjoying the holidays. Ideally, this has been a time for focusing on friends and family, not the recent market volatility. We know, however, that it may be difficult to completely ignore the financial headlines. With that in mind, I thought I would send out our thoughts on the past few weeks’ volatility and how we [...]

Last week I had the opportunity to hear Dr. Ben Bernanke speak. As you likely know, he was the Chairman of the Federal Reserve during 2006-2014, and notably during the financial crisis ten years ago. I thought you might be interested in a summary of what he discussed. First on the economy: The expansion is 10 years old and will [...]

The UK has shocked the world by voting to leave the European Union. The rally in both the overseas markets and the US markets the last couple days was essentially pricing in a “stay” vote; the UK bookies were taking wagers with just 20% odds of a “leave” vote winning just a few hours before the polls closed last night. [...]