Weekly Commentary

Semiconductors (a.k.a. “chips”) are characterized as electronic components comprised of silicon and which possess properties of conductivity. Chips are found in thousands of consumer products we use daily (think cars, cell phones, flat screen televisions, home appliances and laptops). In addition to personal goods, chips are critically important to the advancement of medical equipment, aviation, […]

As mentioned in last week’s letter, 2022 was a difficult year for investors as rising inflation, rising interest rates, geopolitical tensions, a conflict in Europe and persistent Covid restrictions in China took their toll. Volatility in asset prices rose and investor sentiment plunged as we experienced the unusual phenomenon of negative returns in both stocks