ETON Advisors Newsletter - April 2019

Financial markets were exceptionally strong in the first quarter of 2019. Nearly all major asset classes posted returns so positive that they virtually wiped out losses from the difficult fourth quarter of 2018.

While we are certainly happy to have experienced such strong performance in Q1, we cannot help but ask whether most of 2019's return might have been earned already in the year's first three months. No doubt there are potential...

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ETON Advisors Newsletter - January 2019

2018 was a tough year for investors, with most major asset classes finishing with flat-to-negative returns for the calendar year.

Worries over monetary policy, economic growth, and trade wars are largely responsible for 2018's dismal results. Our view is that domestic economic growth will slow in mid-to-late 2019 but is unlikely to slip into a negative or recessionary territory, absent some “external shock."

Geopolitical risks could provide that external shock. ...

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ETON Advisors Newsletter - October 2018

Returns on financial assets were scattered in the Third Quarter of 2018, with U.S. equities posting robust returns (up +7.7%), while global stocks, investment-grade bonds, and public real estate were relatively flat for the quarter. Commodities and precious metals suffered losses in Q3, but crude oil and Master Limited Partnerships (MLPs) were up nicely.

U.S. equity returns were propelled by strong corporate earnings, positive sentiment, and fiscal stimulus. The strong...

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