Category Archives for "Waypoints"

Apr 14

1st Quarter Client Note

By Steven Smith | Uncategorized , Waypoints

We finally turned the corner on Covid (hopefully) and now find our European allies facing the worst military crisis since World War II — and possibly on the precipice of a nuclear confrontation with the out-of-control Russian leader. After being down by over 10% mid-quarter, the S & P 500 (total return) Index ended the […]

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Jan 25

4th Quarter Client Note

By Steven Smith | Waypoints

If you would have told me in April when I was writing my 1st quarter client note, reporting 19.6% loss, that the S & P 500 would be up by 18.40% for the year; I would have asked what you were smoking.  At that moment, we were at the beginning of the pandemic and its […]

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Jul 17

2nd Quarter Client Note

By Steven Smith | Waypoints

The US stock market just had its best quarter in more than 20 years. (Yes, you heard that right.) Of course, that was on the heels of one of the scariest quarters in history, fueled by the Coronavirus pandemic reaching US shores in February. At its worst, on March 23, the S&P 500 was down […]

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Apr 10

1st Quarter Client Note – Covid-19 Edition

By Steven Smith | Waypoints

There are decades when nothing happens; and there are weeks when decades happen. I’m pretty sure that’s the first time I have quoted Vladimir Lenin in a client note. And probably the last. A great deal has indeed happened since my first post on the coronavirus pandemic, when the implications were just beginning to emerge. The public health implications […]

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