2019 Second Quarter Newsletter
June 30, 2019

The second quarter of 2019 was volatile. April was up, May was down and June is up. It is difficult to determine any one cause for this volatility and there are several I can point to.

2019 First Quarter Newsletter
March 31, 2019

The first quarter of 2019 is over and what a quarter it has been. Equity returns have been spectacular with most yielding double digits. There are many causes for this growth and, I think, most of it is a rebound from December 2018’s sell off. As I said, I think the sell off was overdone.

2018 Fourth Quarter Newsletter

2018 has certainly been exciting. January started off tremendously and the markets kind of held their own until October. I said in my October letter that I expected volatility to increase, but I did not expect the volatility level we saw in October, November and December. The markets sold off as if financial assets were the plague. Over done? I think so.

The Mangam Agency

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