Q2 2020 QUARTERLY LETTER – JULY 2020
In this quarter's letter, recent dramatic events and the global reaction are examined in a long-term historical context. What are the investment implications for a kinder, gentler approach for humanity? Will COVID-19 be the unexpected catalyst for the European project to move to the next level and begin an era of long-term growth constructive for the European currency, economy, and assets? Finally, we discuss how weakness in oil may make natural gas the long-term winner in the US energy patch.
Citywire: $400m Merrill Duo Breaks to Dynasty RIA
Steve Vujevich and Matt Anderson are now part of $1.4bn Keebeck Wealth Management.
Chicago-Based Independent Wealth Management Expands its Footprint in Ohio with New Columbus Office
Two Veteran Advisors with a Focus on Professional Athletes Join Keebeck Wealth Management
COVID-19 VIEWS FROM PARTNER, DYNASTY
A helpful, rapidly-updated collection of outlooks on the pandemic culled together by our partner, Dynasty.
Q1 2020 QUARTERLY LETTER – APRIL 2020
In this letter, we will provide a real time update on COVID-19 and its impact, touch on the near-term projected economic impact, look at the fiscal and monetary response, provide a sober, objective range of timeframes for “normalization” and finally touch on some longer themes as we try to distinguish between what will go back to normal and what is likely permanently changed. The nature of this crisis and the extraordinary measures taken in response are likely to create major long-term implications for global supply chains, social policy, inflation, etc.
Q4 2019 QUARTERLY LETTER – JANUARY 2020
In our year end quarterly letter, we have a little fun, touching on everything from Hank Williams and Waylon Jennings to Fred Rogers. We also discuss the driving force behind strong returns across many asset classes in 2019. Compared to 2019, we wouldn’t be surprised if volatility were to reemerge at some point in 2020. We also explore some non-consensus themes and opportunities we have been researching, including unexpected signs of inflation, international value plays as well as an out of favor sector, energy.
Q3 2019 QUARTERLY LETTER – OCTOBER 2019
In this quarter’s letter, we review the strong performance across most asset classes year to date, the driving force behind the performance, take a look at recent industrial weakness globally, the state of the US consumer and overall debt levels.
Video Preview: Q2 2019 Quarterly Letter
CIO Mat Klody gives a preview on the topics discussed in his 2Q19 quarterly letter.
