Selection of Recent Client Letters

A selection of recent 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 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

 

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

September 2021 Client Letter

  • Investing in Undervalued Markets Amid a Monetary Bubble
  • As the Fed Considers Tapering, the Phase Shift in the Bond Market Is Clear

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

June 2021 Client Letter

  • Feeling Cold Feet, the Fed Releases a Tapering Trial Balloon
  • An Update on the U.S. Equity Market, in Two Remarkable Charts

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

October 2020 Client Letter

  • Sentiment Surrounding Debt Crossed a Major Threshold This Year
  • Two Years into the Reversion, and It Has Hardly Begun

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

 

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