Our Summer 2017 Investor Letter reviews the strong equity market performance thus far in 2017. As of quarter end, the S&P 500 is up 9.34%, the Nasdaq is up 14.07%, and the MSCI EAFE Index
is up 14.23% year to date. As investors become increasingly worried about the first significant market
decline since early 2016, stocks continue to climb the proverbial “wall of worry.”
For more of our thoughts on everything from the FANGs to the Fed, see our Investor Letter available at the below link:
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