Plumb Line Insights

Plumb Line Insights


2020-1Q Plumb Funds Quarterly Commentary

The March 31st quarter included unprecedented worldwide economic, health and investor turmoil. The Dow Jones Industrial Average suffered its worst start of a year in its 124-year history. This decline completely offset the strong stock market returns of the previous year, putting the S&P 500 back to the levels of December 2018. The pandemic put all the worlds’ national economies, macro and micro alike, on the same downward spiral.

Coronavirus: Effects on the global markets | Video

CORONAVIRUS: Effects on the global markets

Manager Q&A: The Next Market Downturn (Or, are we still in record setting territory?)

What are you anticipating over the next 12 months? Should investors be preparing for a downturn?

2019-4Q Plumb Funds Quarterly Commentary

Despite tepid earnings growth for the average company in 2019, broad equity markets provided very attractive returns. To the casual observer, public company earning’s growth, GDP growth and stock prices appear to have decoupled. In 2018, the stock market declined despite significant earnings growth for the underlying major indices. In 2019, the stock market soared despite minimal growth in these underlying earnings.

2019-3Q Plumb Funds Quarterly Commentary

The third calendar quarter of 2019 was generally positive for investors, but less so than the previous two quarters. Equity markets were mixed as the S&P 500 advanced 1.7% and the MSCI EAFE ex US index showed a decline of 2.5% for International equity markets.

Can You Compensate For Credit Risk?

Have you noticed that interest rates are very low and bond prices volatile?

Tom Plumb On The “New Economy”

Investing in the “new” economy. What’s driving the change?

Urban Myths About Stock Market Diversification

Does international diversification really reduce risk?

Tom Plumb on Growth and Value Investing | Video

Tom Plumb addresses the belief that over time value investing outperforms growth investing.

When Patterns Are Broken New Worlds Emerge | Video

Tom Plumb discusses how technology is impacting the world we live in. Big data and the fourth industrial revolution are changing how everything is done.

Manager Q&A: Opportunities in the Market

We believe stocks are the best leading indicator for the economy, not the other way around. Valuations don’t cause or predict market corrections.

Manager Q&A: Opportunities in Healthcare

We believe that global healthcare innovation is one area with dynamic opportunities. There has been some tremendous advancement in this field, including new drugs, therapies, early detection, treatment, medical devices, information systems, and robotics, to name just a few.

Plumb Funds Quarterly and Year-End Update

We are pleased to report very favorable results for the Plumb Funds for both the quarter and the calendar year. World stock markets continued their advance in the fourth quarter of 2017.

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