Portfolio Rebalancing

Greetings Clients and Friends:

We conducted our monthly account reviews today and placed a few trades. Your mid-cap (medium-sized company) fund has dethroned your small-cap (small company) fund as the highest returning investment for the last one- and three-month periods, and we took some gains in this fund for many of you. Your portfolios are pretty universally reflecting their targets, and it delights us to reap benefits with our disciplined approach.

We received a good deal of positive economic news this week amid some significant tax and fiscal spending proposals. While we are certain that there will be unexpected surprises and some market drops, we remain optimistic about our economy, markets, and national vaccination progress. Hopefully we will see greater global success and cooperation as well.

Please contact us if you have specific questions about your portfolios or our trades.

Sincerely,

John Biebel