2019 Q1 Quarterly Commentary & Opinion
We achieved excellent returns during the first quarter of 2019. Our composite total return was a positive 10.03%, which includes our cash and 1 Year U.S. Treasury Note position of approximately 19%. Our equity position returned a positive 12.20%. The total returns on the DJIA and S&P 500 were 11.8% and 13.6%, respectively.
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