Last week, with all that is currently going on, equity markets were fairly flat. The DOW & the S&P 500 were off marginally while the NASDAQ was positive by a little over 2%. The economy is showing faster signs of recovery that the experts predicted (when are they ever right) and more people are out and about. And that means more economic activity. Some states are opening faster than others and who knows what the jobs and unemployment numbers will look like when reported in early July.
One of the most important things investors can do is to continue to navigate through the front windshield, not the rearview mirror. So, when I came across the attached Forbes article, I think it gives a great perspective about looking ahead. As investors, we need to keep reminding ourselves that historically, over time, equities have outperformed inflation by a very wide margin. And inflation is probably the cruelest of all taxes. I hope you enjoy the article.
So, we look ahead to the coming weeks and months we will probably find more questions and answers as the country and the world tries to get back to whatever our new normal will look like. As always, should you have any questions or wish to talk, please don’t hesitate to email, or call me.
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.