economy & Markets

Special 2021 Economic and Market Report series, & 2020 Year-End

April 2021 Economic Report  (click HERE to read all five sections)

  1. Bond and Fixed Income
  2. Defensive Growth
  3. Income and Dividends
  4. Stock Inventory
  5. The Bond Market

January 2021 and 2020 Year End Report: click below to read each report:

1.  The Economy

2.  The Stock Market

3.  The Bond Market

4.  Our Portfolio Performance/Analysis

Also read by Jeremy Grantham Waiting for the Last Dance: The Hazards of Asset Allocation in a Late-Stage Major Bubble. This article may be  one of the most important messages ever delivered to the investing public.

Key Excerpts from this article (click here)

Mr. Grantham cofounded GMO in 1977 and is a member of GMO’s Asset Allocation team, serving as the firm’s chief investment strategist. He is a member of the GMO Board of Directors. Mr. Grantham is held in the highest respect by the world’s greatest investors – the word legendary being the word most often used to describe his investment success, and insight, over a very long time period.

Hope you enjoy the reports. 

Richard Morey

2020 Economic and Market Report Q3

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The Defensive Growth Tactical Allocation Strategy is designed to capitalize on economic and market fragility, which has been brought about by central bank interventions, corporate debt levels, demographic shifts, business cycles and other factors.


These factors may express themselves as credit/ stock market events, potentially significant in the near term. The portfolio is a defensive yet opportunistic strategy.


This investment strategy can be combined with others to fit your needs. Please feel free to contact us if you would like to discuss and explore investment ideas and options.