2015 Market Commentary

4th Quarter 2015

The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the un-known. –H.P. Lovecraft Volatility

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2nd Quarter 2015

The S&P 500 returned 1.2% for the first half of the year. Energy languished while Healthcare, particularly Biotech, continued to be the best performing sector.

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1st Quarter 2015

Troubles are just the shadows in a beautiful picture. – Professor Pangloss   The title quote from the perpetually optimistic protagonist in Voltaire’s satirical novel

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