Dalton Financial LLC

04/03/2026

Q1 2026 Market Commentary

Markets rarely move in a straight line, and the first quarter of 2026 was a vivid reminder of that. Geopolitical tension, energy price volatility, and shifting Federal Reserve expectations all contributed to a choppy environment. A few themes stand out as worth keeping in mind. Pullbacks Are Normal — and Expected The S&P 500 experienced its first pullback of 5% or more this year, which can feel unsettling....

Markets rarely move in a straight line, and the first quarter of 2026 was a vivid reminder of that. Geopolitical tension, energy price volatility, and shifting Federal Reserve expectations all cont…

10/07/2025

Quarterly Market Review: Q3 2025

October 1, 2025 The third quarter of 2025 proved to be another period of remarkable—and perhaps unnerving—strength in the U.S. equity market, defying traditional seasonal weakness. The S&P 500 …

07/02/2025

Midyear Update, 2025 https://www.daltonfin.com/wp-admin/post.php?post=1789&action=edit

04/14/2025

A good place to start the tariff policy discussion is to understand why manufacturing jobs declined.

President Trump says his tariff plan will restore American manufacturing might, but economists are skeptical.

10/26/2024

Timeless investing wisdom.

The book is less about how to make money than how not to be an idiot.

07/03/2024

https://www.daltonfin.com/2024/07/02/halftime-2024-update/

At halftime of 2024, the S&P 500 is up 14.48% YTD (source: Morningstar), driven by expectations of interest rate cuts and AI enthusiasm. A 29% annual gain for the market is not unheard of, so t…

01/08/2024

https://www.daltonfin.com/2024/01/08/taking-stock-of-the-rally/

The S&P 500 finished 2023 up 24.23% (Morningstar data source). Even though the index was positive throughout the year, the volatility was challenging. (SPY is an ETF that tracks the S&P 500…

11/29/2023

12 Lessons on Money and More From Warren Buffett and Charlie Munger

After Charlie Munger’s passing, words of wisdom from two of the world’s most successful investors.

11/03/2023

"The only way to get from hunter-gathering to civilization that we know of that’s ever worked is to have a strong currency. It can be seashells, it can be corn kernels, it can be a lot of things. It can be gold coins, it can be promises in banking systems like we have in the United States and England and so on."
—Berkshire Hathaway Vice Chairman Charlie Munger, in an interview with the WSJ

10/13/2023

A word on the US debt

Capital Group economist Darrell Spence explores the issue of whether U.S. government debt has reached a tipping point.

10/04/2023

A market update for the end of the 3rd quarter, 2023.

The stock market fear gage, the VIX, is flashing extreme pessimism. If you follow the news flow, it is easy to see why. It’s a constant barrage of negativity. It’s important to note that crises and…