Market News
With the S&P 500 posting a 4.1% gain in February, and a 9.3% gain YTD, our portfolio has kept pace nicely, but we continue to build cash through the sale of stock and the collection of monthly and quarterly dividends, only deploying it when we feel it is appropriate. Concerns have been growing that higher oil prices will have a negative impact on U.S. economic growth and equity performance similar to 2011, however we continue to maintain our allocation to this sector thinking that it offers one of the most attractive risk-reward opportunities in the market.