Insights

“Same old thing in brand new drag comes sweeping into view,” is a line from David Bowie’s song “Teenage Wildlife,” released in 1980. The quote, admittedly taken out of context, provides an apt description of the second quarter: Once again a handful of mega-cap tech stocks outperformed the rest of th...

First half of 2023 is done and dusted and what a six months it has been. Most investors came into 2023 positioned for higher volatility, wider credit spreads and economic headwinds. With many expecting an earnings and economic recession by Q223. Clearly, that is not how things have played out. While...

In the wake of a bruising period of Federal Reserve Open Market Committee (Fed) tightening一undertaken to reduce inflation from its recent highs to its stated 2% target level一the US labor market remains resilient, with overall labor demand continuing to outstrip supply.

Despite a challenging backdrop for dividend investing in Q123, the Hilton Dividend and Yield Strategy performed well. The strategy’s focus on risk adjusted returns resulted in outperformance versus its benchmark* during a quarter that experienced significant market headline risk and elevated volatil...

First quarter 2023 was not an easy ride for investors. Despite very solid returns by the S&P (+7.48%) and the Nasdaq (+17.05%), the first quarter was much more stressful than the index returns would suggest. Headline risk and volatility were a constant and it presented many reversals in investment f...

Led Zeppelin’s seventh studio album, Presence, was released on March 31, 1976. As I was organizing my thoughts for this letter that factoid came at me via various social media platforms (you should see what I follow). As improbable as it may seem, I see commonality between Zeppelin’s March 31, 1976 ...