Find out more from our investment team on our second quarter recap, changes made and insights into a few businesses we’ve added to our strategies.

Dear Clients and Friends,

Thursday and Friday marked the 4^th time in the last 50 years when the S&P 500 had a 2-day drop of over 10%. The other 3 times were October of 1987 (Market Crash), November of 2008 (Financial Crisis), and March 2020 (COVID). This one is different in that it is self-inflicted…

Before commenting on the market, please note that we will be hosting a luncheon for our clients and friends at the Briar Club in Houston on Thursday, January 23^rd. In the past few years, we’ve had an annual dinner event with a keynote speaker to cover a topic of interest. The feedback from those events has been positive, but we’ve also heard from some that you might prefer to have our session focused entirely on the markets…

We hope everyone had a nice summer and is starting to enjoy some cooler weather. Before we get into the quarterly letter, we have a quick announcement that we are excited to share. Brasada will be hosting a luncheon for clients and friends at the Briar Club on January 23, 2025…

If the story of 2023 was the “Magnificent 7” then there is a strong argument to be made that the most important story of 2024 is the “Magnificent 1”…

Last year can best be characterized as a year of surprising resilience. Consider that despite high inflation, hawkish Fed policy, geopolitical upheavals, and the ever-looming specter of a recession, markets still delivered very strong returns. What lessons can we take from 2023?

I want to welcome the clients of GCI Investors, which recently merged into Brasada. GCI was started as a Registered Investment Advisor twenty-seven years ago with a remarkably similar mission to Brasada’s and that was to help clients achieve their investing goals by creating customized portfolios of well-researched stocks having long-term time horizons…

We have a couple of things to cover before we begin our year-end update. Firstly, we are now two months into our new partnership with Brasada and thus far things have gone better than we could have imagined…

Our annual client meeting will take place on the evening of February 22, 2024, at the Briar Club in Houston….

As we cross the midpoint of 2023, the economy has proven itself to be much more resilient than expected. Despite the run-up in interest rates over the course of the last year and a half, consumer spending has remained strong, with shoppers eagerly spending and hitting stores and travel destinations with what seems to be a carefree spirit…

The first quarter of 2023 was looking like a small reprieve from 2022. Silicon Valley Bank then had a 1930’sstyle bank run and failed to issue equity to save itself…

Our annual clients and friends’ dinner will be held at the Briar Club in Houston on March 30, 2023. Our in-person speaker will be Dan Clifton of Strategas Research Partners…

The first nine months of ’22 have witnessed a nasty bear market as the world’s central banks have aggressively moved to hike interest rates and withdraw liquidity to combat inflation….

2022 has been a brutal year for the global stock and bond markets. It is the worst start to the year for the S&P 500 since 1970…

The first quarter of 2022 brought about a sea change of events that hasn’t occurred in decades…

2021 was a great year for the US stock market and a great year for all of our equity strategies…

During the third quarter, the market witnessed a doubling from last year’s pandemic-induced panic lows. This was the fourth fastest time for the market to gain 100% and the fastest occurrence since the Great Depression…

The US economy continued its rapid rebound in the 2nd quarter as we quickly transitioned from lockdown to a strong economy…

A year ago Congress passed a $2 trillion stimulus package to mitigate the economic damage caused by the coronavirus pandemic…

As we approach each year-end, one of my traditions is to read Wall Street strategists’ predictions on what to expect in the coming year…