Market review – Q3 2023

Market review – Q3 2023

Quarterly investors letter – Q3 2023   What an unusual combination! After a torrid start to the year, equities pulled back in the third quarter. Not only did the S&P 500 Index post its first negative quarter since Q3 2022, all nine Russell style boxes,...
Market review – Q2 2023

Market review – Q2 2023

Quarterly investors letter – Q2 2023   Proving doubters wrong One of Wall Street’s adages – the market does what it needs to do to prove the majority wrong – came true in the first half. Coming into the year, the NDR Crowd Sentiment Poll was in the midst of...