Seventh Inning Stretch
2024 Q3 Economic and Market Overview The third quarter was punctuated by the long-awaited reduction of the federal funds rate by the Federal Reserve’s Federal Open Market Committee (FOMC). On…
Complex Factors Call for Awareness and Agility
2024 Q2 Economic and Market Overview The second quarter of 2024 saw shifting dynamics in inflation, monetary policy, and geopolitical tensions lead to bouts of optimism punctuated by stretches of…
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Making Sense of the Data
2024 Q1 Economic and Market Overview Overall, the US economy continues to enjoy a modest tailwind allowing a reasonable level of growth, fairly strong employment trends, easing inflationary pressures, and…
Some Things Never Change: Share Price is a Function of Supply and Demand
2023 Q4 Economic and Market Overview The economy continues to grow, albeit at an increasingly slower pace, and has not fallen into recession. Regardless, many economists are still calling for…
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Recession or Not
2023 Q3 Economic & Market Overview The third quarter was the worst of the year for broad stock and bond market indexes, all of which finished lower. Stock prices faltered…
Not as Bad as Some Say
2023 Q2 Economic Overview First quarter economic growth, as measured by gross domestic product (GDP), was reported at a solid 2.0% following fourth quarter GDP of 2.6%. The second quarter…
Process, Process, Process…Results
January 2023 We’d like to dedicate the first client letter in 2023 to “2022 in the rear-view mirror.” This letter highlights how GVIC’s rigorous, fundamental investment process delivered for the…
Outlook: Getting Less Worse
Economic Outlook The US economy contracted during the first and second quarters and is likely to have contracted further during the third quarter. Results will be released on October 27th.…
Darkest Before Dawn: Signs of a Bright Day Ahead
July 2022 Economic Outlook Recent business news headlines read as follows, and summarize the sentiment in the market and among investors: Stocks Close Out Brutal June With Losses as S&P…
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