Investment Counsel Reports

A small group of technology stocks produced heady gains during the quarter. This elite exuberance is a concentration risk that should make investors wary. Our disciplined, low-risk approach favors a prudent investment approach over the long term.

The impact of rising trends has been felt everywhere: inflation, Fed Policy, and higher rates make it harder for corporations to increase profits. Hence the negative influence on the stock market.

Wide gaps in performance between various sectors of the market have emerged. These gaps have expanded further in recent weeks and indicate a weak broad market.

We preach against short-term focus and market timing temptation. However, rising regulatory burdens and interest rates for companies that need to borrow have increased short-term costs.