In our regular quarterly communications, we provide our clients with a great deal of information beyond their investment account update. We include:

• a short cover letter, describing an overview of recent events and a forward look,


• our Market Highlights which reviews the outlook for the economy, interest rates, earnings, and other factors which could influence the prices of fixed income securities and common stocks,


• an updated Current Investment Outlook with a view of what we expect from the equity market.
• a Stock Highlights which examines several individual stocks of interest, either as buys or as sales.