Second Quarter 2021 Market Recap, Performance Review and Near-term Outlook

Q2 2021 saw gains in most stock market indexes, with many closing at or near all-time highs. This is not surprising, as markets continue to be driven by meaningful progress on vaccination rates, accommodative monetary policy, record- shattering fiscal stimulus, and strong corporate earnings growth driven by the reheating of global economies.

This link is to a PDF containing our Q2 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

First Quarter 2021 Market Recap, Performance Review and Near-term Outlook

Somehow, we overlooked posting the First Quarter 2021 Market Recap, Performance Review and Near-term Outlook after having pushed it out to clients. Better late than never.

This link is to a PDF containing our Q1 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

 

4th Quarter 2020: Market Commentary and Near-term Outlook

Despite a post-election market rotation into beaten down cyclical sectors, meaningful mid- and small-company allocations provided more than enough cover for our bull-headed commitment to growth sector over-weights. Leaning into our positive outlook global growth strategies provided for meaningful out-performance, relative to benchmarks, for the calendar year.

This link is to a PDF containing our Q4 2020 Market Commentary and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

3rd Quarter 2020: Market Recap and Near-term Outlook

Despite moving towards more relatively conservative positioning as Q3 progressed, those decisions, along with fruitful sector calls and weightings, provided for continued positive performance relative to benchmarks by quarter’s end. I encourage you to log into your Client Portal and take a look at where we now stand.

This link is to a PDF containing our Q3 2020 Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

2nd Quarter 2020: Market Recap and Near-term Outlook

Every couple of years, I get to write and deliver quarterly investment reviews when, seemingly, everything worked in our favor. This is one of those quarters. Markets have rallied a bit more since quarter-end, and we continue to build our lead over benchmarks. I encourage you to log into your Client Portal and take a look at where we stand now.

This link is to a PDF containing our Q2 2020 Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

1st Quarter 2020: Market Recap and Near-term Outlook

If any historical sequence of unfolding events exist that could have resulted in more difference between two quarterly investment reviews, I am unaware of what those might be. Our Q4 2019 Market Recap was a celebration of the historic economic expansion and bull market run. This Q1 2020 Market Recap is its eulogy

For nearly two months, the US economy and US markets remained resilient as officials and pundits discussed the emerging corona virus threat in terms of the impact on China, and what effect China’s economic fall-out might have on the global economy. Whether wishful thinking, or naive comfort, those two months of whistling past the expansion’s graveyard allowed the corona virus threat to escalate from a regional concern to a worldwide health crisis.

This link is to a PDF containing our Q1 2020 Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

4th Quarter 2019: Quarterly Recap and Near-term Outlook

As we close the chapter on Q4 and 2019, we also close the chapter on a decade rightly considered among the most note-worthy in economic and financial market history. For Lake Jericho clients, it was a strong way to close the book. I am thrilled to deliver performance information for Q4, as after a couple of years of give-and-take in financial markets, client reports contain a lot of good news.

Over the last year, I have talked at great length about sticking to the continued global growth thesis, despite periods of interim pain as markets seemingly roiled over every Tweet and headline. Patience was rewarded. Our lead during Q4 was meaningful, sufficiently so to put us well ahead of benchmarks for all of 2019.

This link is to a PDF containing our Q4 2019 Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

3rd Quarter 2019: Quarterly Recap and Near-term Outlook

Lather. Rinse. Repeat. Once again asked to climb the same wall of worry, I am happy to post yet another Recap with, despite continued volatility, generally positive results.

This link is to a PDF containing our Q3 2019: Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

2nd Quarter 2019: Quarterly Recap and Near-term Outlook

After a rough 2018, and continuing periods of volatility thus far in 2019, I am happy to post yet another Recap with positive results. One would think happy enough to remember to post this weeks ago when delivered to clients, but it seems that late has been my M.O. for a while now. Hopefully, help is on the way.

This link is to a PDF containing our Q2 2019: Quarterly Recap and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by Morningstar. The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC

1st Quarter 2019: Quarterly Recap and Near-term Outlook

After a rough 2018, and a historically bad December, I am happy to post this information following a day certain to make all quite happy. Aside from enjoying much improved investment performance in the first quarter, yesterday saw markets close at new all-time highs. What a wild six-month round trip it has been!

This link is to a PDF containing our Q1 2019: Quarterly Recap and Near-term Outlook.  It follows the form of (1) What is it that we are most thinking about right now, (2) What happened during the past quarter from a big-picture perspective, and (3) How might, if at all, recent events change strategy. This Recap incorporates a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by Morningstar. This tabled data will, hopefully, help each reader evaluate their own performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!

A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC