Try to Remember…

Try to remember the kind of September when life was slow and oh so mellowQ1 2020 hedge fund letters, conferences and moreWith the Covid crisisupon us, life last September seemed slow and oh so mellow. But memory can be deceiving, so from an investment standpoint it is worth digging deeper to jog memory. Last Friday, before the long Memorial Day weekend, the S&P 500 closed at 2,955.54. This is almost exactly equals the level of the index following the close on September 4, 2019. On that day, just after the Labor Day weekend, the S&P 500 stood a whisker less at 2,937.78. This suggests a comparis…

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