This month was good to the market, despite uncertainty on a number of global fronts. The Fund had a very good month and the numbers for the year look quite good as well. (See Vice Chair Chris Maxwell’s update). Inflation is within range of the Fed’s 2% hoped-for target – market watchers anticipate a quarter point reduction in interest rates following the Fed meetings on the 17th and 18th – and though prices at the supermarket are still higher than many here had hoped for, the economy seems strong. Consumers have spent more on Black Friday this year than last, and many retainers, who count on holiday sales, expect a solid sales season. As we approach Solstice, when the light begins to return, we stay alert, keep calm and carry on.