Capital Directions Form CRS
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Capital Directions ADV Part 2A
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Third Quarter 2022 Client Letter
“This time it’s different.” One of the great ironies of being wealth managers is that we hear this exact same phrase in every single bear market. It’s the phrase investors use to rationalize why they are bailing out of stocks. To be sure, there are unique aspects to...
Second Quarter 2022 Client Letter
Rising inflation and growing recession fears delivered a one-two punch to the global capital markets in Second Quarter 2022. The Dow Jones Industrial Average fell 10.78%, while the broader S&P 500 index declined 16.10%. Small stocks, as measured by the Russell...
First Quarter 2022 Letter To Client
In times of unimaginable suffering such as the Ukrainian people are experiencing at the hands of their Russian invaders, it can feel callous to consider such crises from a financial perspective. But there’s no avoiding the reality that the war, and the sanctions...
Fourth Quarter 2021 Client Letter
Fourth Quarter 2021 Client Letter Stocks surged in 2021, continuing their torrid recovery from the pandemic-fueled sell-off in February and March 2020. Since bottoming out at 18,591 on March 23rd, 2020, the Dow Jones Industrial Average has gained a whopping 97%. And...