Newsletter March 2026

Overview US equity markets generally declined in February. The S&P 500 lost .76%. The Nasdaq 100 slumped 3.33% while the Russell 2000 (small-cap index) progressed .80%. Internationally, the EPAC BM Index of developed economies (ex-US) rose a robust 5.90%. The MSCI...

Newsletter February 2026

Overview US equity markets rose in January but in an uneven fashion. The S&P 500 added 1.45%. The Nasdaq 100 gained .95% while the Russell 2000 (small-cap index) progressed a whopping 5.35%. Internationally, the EPAC BM Index of developed economies (ex-US) rose a...

Newsletter January 2026

Overview US equity markets marked time in December. The S&P 500 added .06%. The Nasdaq 100 lost .47%. The Russell 2000 (small cap index) was down .58%. Internationally, the EPAC BM Index of developed economies (ex-US) rose a robust 3.22%. The MSCI EM (emerging...