Client Memo: Is it 1999 All Over Again?
Sep 30, 2025
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Client Memo: Is it 1999 All Over Again?
Many of us can recall the absolute euphoria that occurred in the mid-to-late 1990s. Companies with a “.com” at the end saw crazy volatility, mostly to the upside until the turn of the century before most of them went bankrupt.
Today, the debate is simil...
The Long Unwinding Road
Aug 05, 2024
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The S&P 500 Index hit its last all-time high on July 16th at 5,669. Since then, the market (as of this writing) is down about 8%. However, some stocks, namely Mega cap tech stocks, are down far more. The SPDR Technology Index ETF (XLK) is down 16% since its July 10th high.
What is driving this mo...