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 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...