Resources

The most relevant topic for October’s letter is the rapid rise in interest rates since February.  There are many reasons for this, but it is not obvious which factors are most important and lasting for bond investors.  Here we itemize some of the key reasons: Inflation remains stubborn and expectations for future inflation are risingOil markets remain constrainedHigh energy costs continue to ripple through all aspects of the economyGovernment debt levels are high and trending higher...

Dear Clients and Friends of Insight, We are midway through 2026, and all the major stock market indexes have climbed a 'wall of worry' and have closed near their all-time highs. The Dow Jones Industrial Average, the S&P500 Index, and the Nasdaq have posted price gains of 7.6%, 9.5% and 12.3%, respectively. Yet while stock returns have been quite strong of late, the investing landscape has become increasingly concerning for many reasons. Inflation continues to be a threat, oil markets are...

Dear Clients and Friends of Insight, The investing landscape continues to shift as the global economy is pressured from the impact of higher and unpredictable oil prices. Uncertainty and business risks have risen, and stock prices have declined sharply from their lofty levels to start the year. By example, at its low point a few weeks ago, the S&P 500 Index had declined 9% for the year – near correction territory. Meanwhile, the growth-heavy NASDAQ Index had dropped 13% – an official...

We wish all of you a healthy and happy New Year and thank you for the trust and confidence you have placed in our relationship. Insight’s performance for our clients and their advisors in 2025 was exceptional and it reinforced our commitment to meeting our clients’ long-term portfolio objectives. These results build upon our outstanding long-term record for both generating strong but suitable investment results while delivering excellent service and administrative skills. Our team is very...

Dear Clients and Friends of Insight,Enthusiasm for the wonders of artificial intelligence continues to ripple through the economy, propelling many stocks to new highs along the way. Investors have been encouraged by the on-going company announcements of investment plans and expected gains in productivity from their artificial intelligence initiatives. During this frenzied period, you have undoubtedly heard the financial press broadcast that the S&P 500 index had reached a new high. It’s...

Dear Clients and Friends of Insight,Once again, we are celebrating our country’s Independence Day and, once again, most of us arestunned when we realize that the year is already more than half over! The days are zipping alongmore quickly than ever, and for those of us who regularly follow economic, political and businesscommentaries, it seems we are being told that crucial events are unfolding even more rapidly thanthat. This environment presents investors with quite a challenge. Stock prices,...

Dear Clients and Friends of Insight,Just a few short months ago investors and consumers were feeling good, and their expectations were running high. Stock and bond returns were positive in 2024; inflation and interest rates were continuing to fall with the expectation of more declines to come; corporations reported strong fourth quarter results that generally exceeded analysts’ revenue and earnings expectations; and the economy was in the early stages of a strong technology-driven investment...

For many years now the growth and profitability of large U.S. companies has been exceptional, especially when compared to other countries around the world. Global investors have noticed as they have continued to invest large sums of capital in U.S. stocks, helping to propel many of these stocks to all-time highs. Although virtually all stock market indexes moved higher over the last two years, Large-cap U.S. stocks outperformed other indexes by a large margin making up for their losses from...

Dear Clients and Friends of Insight, Investors’ risk and return objectives vary greatly. To meet most appropriately this wide range of expected outcomes, they invest around the world across a wide range of financial and physical assets. Despite the many differences in portfolio composition and eventual results, investors share a common challenge. They all must make their investment decisions facing uncertainty. Often these decisions seem straightforward, usually it is when the future appears...