The Primary Trend has been published without interruption since 1979. Originally published as a stand-alone investment letter to complement the business of Arnold Investment Counsel, it has evolved into a unique communications tool for the benefit of our clients and shareholders of our two mutual funds, as well as being sold on a subscription basis. The letter is published once a month and written in a clear and no-nonsense manner, not the Wall Street jargon that is so often laced with ambiguity.  The value-oriented advice presented monthly is the same strategy implemented by Arnold Investment Counsel in the the management of its clients’ assets.