Peloton 2014 Q2 Recap

Because we invest in individual companies, we seldom make formal forecasts regarding short-term market performance or year-end index targets. Nonetheless, we are frequently asked what we anticipate from markets in the weeks and months ahead. At the start of the year,...

Peloton 2013 Q4 Recap

In a year in which stocks had already set a very high bar for performance, they certainly did not disappoint in the final quarter of 2013. Since September, the S&P 500 tacked on an additional 10% to close out the year up 32% – the best calendar year gain for...

Peloton 2013 Q1 Recap

Equity markets have now registered gains in each of the last four first quarters (January-March), extending a streak that began in 2010. Last quarter’s gain of 10.6% pushed the S&P 500 into record territory, surpassing levels it first reached in October 2007 –...