Articles

“Some of the most rewarding periods for investors have come alongside the need for meaningful problem solving.”

By Kyle Tetting The summer of 2022 may have conditioned investors to expect more volatility. Absent the shocking inflation numbers of last June, it’s difficult to match the market movements we saw a year ago. But it’s also clear that the economic landscape now appears much less uncertain. […]

By Kyle Tetting Reasonable caution is always appropriate, but investors too focused on the risks missed out on a lot across the first six months of 2023. […]

By Kyle Tetting It’s hard to argue with the year-to-date success of the vast majority of investment categories. As I write this on April 26, broad measures of stocks like the S&P 500 had gained more than 6% with only a few trading days left in April. Similarly, less volatile measures like bonds have added half as much or more. While the gains are encouraging, I am struck by how pessimistic many of the headlines remain. “Markets climb a wall of worry,” the saying goes, and that seems especially true now, though investing from a place of worry is tough.

By Kyle Tetting Especially with the unknown timing and magnitude of the Federal Reserve’s remaining steps to fight inflation, long-term optimism can get overlooked. […]

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.