It is no news to anyone that the markets have been extremely volatile this year. The S&P 500 has closed either up or down by at least 1% on 65 of the last 89 trading days as of 5/10/22, outpacing the average 1% moves of the past 50 years (shown in the table below). On top of that, over 50% of the S&P 500’s members are off at least 20% from their all-time highs, putting them in bear market territory. So, what is the prudent investor to do in such an environment? We believe the answer is the stay the course. We create plans during the good times in order to not panic during the hard times.
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