We are folding our sweaters and grabbing our allergy meds for the joyous pollen season (revenge of the flowers), also known as Spring. Our letter is presented in two sections, a brief overview of the markets and thoughts on a … Read More
Winter is here and the hot chocolate is flowing. We hope you enjoyed the holidays as much as we have at Montag. Our letter continues to be presented in two sections, a brief overview of market returns and key news … Read More
Fall is peeking around the corner at us and we look forward to trading in our sunscreen for mugs of hot chocolate. Some time ago we began separating our letter into two sections, a brief overview of market returns and … Read More
We hope your summer is progressing nicely. Several quarters ago we began separating our letter into two sections, a brief overview of market returns and key news items, followed by a “Deeper Dive”, a more detailed view regarding one theme … Read More
We hope this letter finds you well. As we mentioned a few quarters ago, our quarterly letter is now separated into two sections, a brief overview of market returns and key news items, followed by a “Deeper Dive”, a more … Read More
As a continuing evolution of the quarterly letter we have separated our comments into two sections, a brief overview of market returns and key news items, followed by a “Deeper Dive”, a more detailed view regarding one theme we find … Read More
This letter includes two parts; one part, below, which is our standard review, and a second part, titled A Historical Review, following the conclusion of this letter, written for anyone with more appetite on the topic of stock market investing. … Read More
During the second quarter, the major U.S. stock market indices were mixed. The S&P 500 and Dow Jones Industrials declined 0.2% and 0.9% (excluding dividends), respectively, while the NASDAQ Composite gained 1.9% (excluding dividends). Interest rates rose sharply in apparent … Read More
During the first quarter, the major U.S. stock market indices had a mixed performance; the S&P 500 and NASDAQ Composite gained 1.0% and 3.5%, respectively while the Dow Jones Industrials lost 0.3%. Interest rates declined slightly as some weaker economic … Read More
During the fourth quarter, the major U.S. stock market indices continued their gradual, albeit irregular, ascent; the S&P 500, Dow Jones Industrials and NASDAQ Composite gained 4.9%, 5.2% and 5.8% respectively. During 2014, those indices recorded returns of 13.7%, 10.0% … Read More