Archive

From Hot to Warm

Dear Clients and Friends, From the headline above, you may be thinking we have our seasons confused. We’re referring to the economy and markets, which we believe have gone from running hot to something closer to room temperature. We view this as a welcome change. As Northern Trust’s chief...

Markets Deliver a Lump of Coal

Dear Clients and Friends, Instead of three French hens and a partridge in a pear tree, investors suffered three corrections and a bear market leading up to the holidays and New Year’s Eve. While the broader markets have taken away some of the holiday cheer with a -13.5% fourth quarter performance,...