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Ah June! Long days and warm weather, green grass, flowers blooming, the month when schools close for the summer, folks plan vacations, and often activity on Wall Street begins to slow for the season. The Fed signaled that a rate cut sometime later in the year was likely but were careful to point out the caution light was still flashing for a potential rebound in inflation.

As we write this, Maine has just experienced its first total Solar Eclipse since 1963. The state enjoyed clear skies, and some of the best views of totality seen in the country.

NEWSLETTER THIRD QUARTER 2022

  March lived up to its “mad” reputation this year, bringing a volatile first quarter in the investment markets to a close. While a welcomed rally in U.S. Equity markets, with the DJIA up 2.3% for the month, helped claw back some of its losses, the bond market suffered one of its worst months.

   Once again, we have finished a year full of surprises in the Market: the champagne bubbles have barely settled when year-end financial market index returns are published; advisors get out their calculators and measure their performances; Analysts review last year’s Predictions with a mix of trepidation and excitement, as they prepare to publish their outlooks and prognosticat

     A repetitive theme in our newsletters has been the importance of planning for the unexpected in your investment strategy. Markets have experienced major advances and declines more often from unforeseen events, more than those which have been widely anticipated, whether positive or negative.

                In the last few weeks, we have seen new highs in U.S. Equity markets, growing evidence of the effectiveness of widespread COVID vaccinations, and many businesses and venues in the U.S. reopening. This 4th of July, the country was able to celebrate with parades, fireworks, barbecues, and beach days.