Gries Outlook and Strategy

The markets recovered their February and March losses to a measurable degree in the second quarter. However, looking below the surface, the rebound was led by a handful of the largest technology stocks that were considered beneficiaries from changing consumer and...

Market Update May 15, 2020

In March 2020, we experienced one of the sharpest market declines ever recorded. However, over the past six weeks, global equities have rebounded strongly from their mid-March lows. For example, global equities (as measured by the MSCI All Country World...

Thoughts on an unprecedented first quarter and the road ahead

As we look back on a first quarter that in many ways defies description, we first want to highlight that we welcome further, direct conversation with you, our clients. We will continue to take as much time as you want and need to speak about your specific situations...

Where Do We Stand on Tax Filing and Payment Deadlines?

Among the many changes in our lives, our tax filing obligations have also been in flux. The new rules have been a moving target but we seem to have some clarity that we can work with. According to IRS guidance, current rules are as follows: The filing date for...

What Now? Another COVID-19 update, March 12, 2020

The global economy and markets are dramatically different today than they were when the year began. Just a few short weeks ago, the Federal Reserve Bank of Atlanta was tracking first quarter 2020 U.S. GDP growth at a 3.1% annual rate. Today, our base case is that the...

Coronavirus, Oil price shocks and managing market risk

As we have communicated multiple times over the last week, the coronavirus  (COVID-19) has caused major uncertainty and disruption in the global economy.  The impact on the U.S. economy (and related disruption in our daily lives) is starting to be felt. Our...