Quarterly Commentary

August this year will mark the 5th anniversary of the Lehman bankruptcy which ushered in the full force of the global financial crisis. Although the transmission mechanism was the sub-prime tainted, investment grade CMOs and much of the ills were manifested through...

The US Market - non plus The first quarter of 2013 has been nothing less than spectacular for the US stock market with the S&P 500 and the Dow Jones Industrial making new highs. The ongoing stock market rally is a continuation of a "risk-on" push since the final...

The most important non-event in 2012 was the end of the 5,125-year cycle in the Mayan calendar on December 21 which should have ushered in the fiery end of the world. After surviving that scare, we had to endure the much less ominous yet no less out-of-control event...

In our second quarter report, we highlighted a number of major macro risks that added significant downside risk to the economy and financial markets.  At the top of the list was the European sovereign debt crisis.  At that time, 2012 was shaping like a repeat of 2011...

Here is Chao & Company’s market commentary for the 2nd quarter of 2012.

Here is Chao & Company’s market commentary for the 1st quarter of 2012.

Here is Chao & Company’s market commentary for the 4th quarter of 2011.

Here is Chao & Company’s market commentary for the 3rd quarter of 2011.

Here is Chao & Company’s market commentary for the 2nd quarter of 2011.

Here is Chao & Company’s market commentary for the 1st quarter of 2011.

Here is Chao & Company’s market commentary for the 4th quarter of 2010.

Here is Chao & Company’s market commentary for the 3rd quarter of 2010.

Here is Chao & Company’s market commentary for the 1st quarter of 2010.

Here is Chao & Company’s market commentary for the 3rd quarter of 2008.