By Kyle Tetting
Stock prices move quickly, but fundamentals change slowly. These day-to-day price movements are largely a popularity contest while long-term market direction is a math lesson. Expectations for continued strong earnings growth point to meaningful opportunities for stocks ahead as stock prices tend to mirror that longer-term earnings growth. Patience remains the challenge, counting on appropriate balance to ride out the current storm. But patience, “staying the course” we often say, isn’t about inaction. It’s about small but necessary course corrections to ensure we remain true to the plan.