Sitka Pacific

Investment Management

Before investing, we will discuss your goals and risk tolerances with you to see if a separately managed account at Sitka Pacific would be a good fit.  To learn more about our approach, click here for more information. To contact us for a consultation, visit Getting Started.

Macro Value Monitor

A publication discussing Monetary History, Market Myths, Investing Legends, and Real Global Value.  To view sample issues and subscribe, click here.

Selection of Articles and Recent Letters

A selection of recent articles and letters to our clients are linked below.

If you’d like to receive an email when new letters are posted, fill out the form at the bottom of this page. Articles published at Advisor Perspectives and elsewhere are also shared on LinkedIn. Follow Sitka Pacific on LinkedIn for updates.

To see how our Absolute Return approach effectively reduces volatility and risk within a diversified portfolio, read our brief article on resiliency in light of ultra-low bond yields:

On Resiliency, and a Solution to the 60/40 Dilemma


Recent Articles at Advisor Perspectives:

May 2022: A Brief Chronicle of the Federal Reserve’s First Balance Sheet Contraction

March 2022: The Moment When Monetary Policy Runs Aground on the Third Great Mistake

November 2021: The Policy Repercussions of the Third Great Mistake Are Slowly Becoming More Apparent

August 2021: A Look at Prospective Market Returns Amid a New Era of Negative Real Rates

April 2021: Shiller’s ECY Makes Relative Sense, But the Market’s Absolute Return May Be Another Story

February 2021: This Era May Come to Be Remembered as the Federal Reserve’s Third Great Mistake


Recent Client Letters:

October 2021 Client Letter

      • The Policy Repercussions of the Third Great Mistake Are Slowly Becoming More Apparent
      • The Trifecta That Will Impact a Generation of Investors and Advisors

July/August 2021 Client Letter

      • A Look at Prospective Market Returns Amid a New Era of Negative Real Rates
      • Allocating as the Fed and Other Central Banks Begin to Tolerate Higher Inflation

March 2021 Client Letter

      • Shiller’s ECY Makes Relative Sense, but the Market’s Absolute Return May Be Another Story
      • The Federal Reserve Is No Longer Acting on Expectations and Assumptions

2021 Annual Client Letter

      • How an Inflationary Long-Term Bear Market Swindled Equity Investors
      • This Era May Come to Be Remembered as the Federal Reserve’s Third Great Mistake
      • A Summary of Our Market Outlook
      • In the Years Ahead, Real Returns May Be Confined to Unconventional Portfolios

2020 Annual Client Letter

      • From the End of Monetary Restraint to Trillion-Dollar Deficits
      • Mission Creep Toward an Old Normal: MMT and “Symmetric” Monetary Policy
      • A Summary of Our Market Outlook in 2020
      • It’s Time to Be Invested in Assets Outside the Dollar

Subscribe To Our Mailing List

* indicates required
Sitka Pacific

Selection of Articles and Recent Letters

A selection of recent articles and letters to our clients are linked below.

If you’d like to receive an email when new letters are posted, fill out the form at the bottom of this page. Articles published at Advisor Perspectives and elsewhere are also shared on LinkedIn. Follow Sitka Pacific on LinkedIn for updates.

To see how our Absolute Return approach effectively reduces volatility and risk within a diversified portfolio, read our brief article on resiliency in light of ultra-low bond yields:

On Resiliency, and a Solution to the 60/40 Dilemma


Recent Articles at Advisor Perspectives:

May 2022: A Brief Chronicle of the Federal Reserve’s First Balance Sheet Contraction

March 2022: The Moment When Monetary Policy Runs Aground on the Third Great Mistake

November 2021: The Policy Repercussions of the Third Great Mistake Are Slowly Becoming More Apparent

August 2021: A Look at Prospective Market Returns Amid a New Era of Negative Real Rates

April 2021: Shiller’s ECY Makes Relative Sense, But the Market’s Absolute Return May Be Another Story

February 2021: This Era May Come to Be Remembered as the Federal Reserve’s Third Great Mistake


Recent Client Letters:

October 2021 Client Letter

      • The Policy Repercussions of the Third Great Mistake Are Slowly Becoming More Apparent
      • The Trifecta That Will Impact a Generation of Investors and Advisors

July/August 2021 Client Letter

      • A Look at Prospective Market Returns Amid a New Era of Negative Real Rates
      • Allocating as the Fed and Other Central Banks Begin to Tolerate Higher Inflation

March 2021 Client Letter

      • Shiller’s ECY Makes Relative Sense, but the Market’s Absolute Return May Be Another Story
      • The Federal Reserve Is No Longer Acting on Expectations and Assumptions

2021 Annual Client Letter

      • How an Inflationary Long-Term Bear Market Swindled Equity Investors
      • This Era May Come to Be Remembered as the Federal Reserve’s Third Great Mistake
      • A Summary of Our Market Outlook
      • In the Years Ahead, Real Returns May Be Confined to Unconventional Portfolios

2020 Annual Client Letter

      • From the End of Monetary Restraint to Trillion-Dollar Deficits
      • Mission Creep Toward an Old Normal: MMT and “Symmetric” Monetary Policy
      • A Summary of Our Market Outlook in 2020
      • It’s Time to Be Invested in Assets Outside the Dollar

Subscribe To Our Mailing List

* indicates required

Investment Management

Before investing, we will discuss your goals and risk tolerances with you to see if a separately managed account at Sitka Pacific would be a good fit. To contact us for a free consultation, visit Getting Started.

Macro Value Monitor

To read a selection of recent client letters and be alerted when new letters are posted to our public site, visit Recent Client Letters.