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2Q20 Review & Strategy Update

In coming weeks, we believe U.S risk-assets could move back toward March lows while Gold could breakout to all-time highs. The 2Q economic bounce (aided by +$3T fiscal relief) is running out of steam and, without additional fiscal support, may falter in 3Q. Regardless of short-term market/policy moves, we maintain our “2001 Analog” & 2020 Key Themes (pg-3).

Our Principals


Seeking truth to better inform our decisions and better serve our clients.


Honesty & diligence are the foundation on which we build our relationships.


Listening with intent to understand our clients' needs to achieve their goals.


Critical & objective evaluation of our positions to reach beyond the standard.

Invest with Expertise and Innovation

Achieve Your Clients' Investment Goals

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