OUR VIEW OF THE MARKET By William N. Hudson, Jr., David D. Burrows, William Hudson III, Evan Coppola and Jeremy Hudson First Quarter Newsletters Second Quarter Newsletters Third Quarter Newsletters Fourth Quarter Newsletters First Quarter 2023 Second Quarter 2022 First Quarter 2022 Second Quarter 2022 Third Quarter 2022 Fourth Quarter 2022 First Quarter 2021 Second Quarter 2021 Third Quarter 2021 Fourth Quarther 2021 First Quarter 2020 Second Quarter 2020 Third Quarter 2020 Fourth Quarter 2020 First Quarter 2019 Second Quarter 2019 Third Quater 2019 Fourth Quarter 2019 First Quarter 2018 Second Quarter 2018 Third Quarter 2018 Fourth Quarter 2018 First Quarter 2017 Second Quarter 2017 Third Quarter 2017 Fourth Quarter 2017 First Quarter 2016 Second Quarter 2016 Third Quarter 2016 Fourth Quarter 2016 First Quarter 2015 Second Quarter 2015 Third Quarter 2015 Fourth Quarter 2015 First Quarter 2014 Second Quarter 2014 Third Quarter 2014 Fourth Quarter 2014 First Quarter 2013 Second Quarter 2013 Third Quarter 2013 Fourth Quarter 2013 First Quarter 2012 Second Quarter 2012 Third Quarter 2012 Fourth Quarter 2012 First Quarter 2011 Second Quarter 2011 Third Quarter 2011 Fourth Quarter 2011 First Quarter 2010 Second Quarter 2010 Third Quarter 2010 Fourth Quarter 2010 First Quarter 2009 Second Quarter 2009 Third Quarter 2009 Fourth Quarter 2009 First Quarter 2008 Second Quarter 2008 Third Quarter 2008 Fourth Quarter 2008