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Market Commentary Fourth Quarter 2015
By MONTAG on January 8, 201608Read moreAs a continuing evolution of the quarterly letter we have separated our comments into two sections, a brief overview...
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Market Commentary Third Quarter 2015
By MONTAG on October 9, 2015Read moreThis letter includes two parts; one part, below, which is our standard review, and a second part, titled A...
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Market Commentary Second Quarter 2015
By MONTAG on July 7, 2015Read moreDuring the second quarter, the major U.S. stock market indices were mixed. The S&P 500 and Dow Jones Industrials...
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Market Commentary First Quarter 2015
By MONTAG on April 5, 2015Read moreDuring the first quarter, the major U.S. stock market indices had a mixed performance; the S&P 500 and NASDAQ...
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Market Commentary Fourth Quarter 2014
By MONTAG on January 8, 2015Read moreDuring the fourth quarter, the major U.S. stock market indices continued their gradual, albeit irregular, ascent; the S&P 500,...
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Market Commentary Third Quarter 2014
By MONTAG on October 14, 2014Read moreU.S. STOCK AND BOND MARKETS Despite worries about geopolitical events and future Federal Reserve policy, the major U.S. stock...
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Market Commentary Second Quarter 2014
By MONTAG on July 10, 2014Read moreU.S. STOCK AND BOND MARKETS During the second quarter of 2014, the major U.S. stock market indices climbed higher....
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Market Commentary First Quarter 2014
By MONTAG on April 10, 2014Read moreFollowing stellar gains in 2013, the stock market experienced an unusual losing January before wobbling higher during February and...
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Market Commentary Fourth Quarter 2013
By MONTAG on January 10, 2014Read moreFourth Quarter 2013 simulated the first three quarters: Washington remained dysfunctional and investors remained fretful concerning interest rates,…