Yes, markets had significant declines last week, but all that means is that we seem to be returning to a normal state following a very comfortable few years. By “a normal state” we mean markets with volatility. The volatility might appear extreme now but in a historical perspective volatility, of this size, is unusual but not extreme. We have gotten used to such low volatility that current levels seem extreme.
One of the major things to keep in mind during this period is that the economy is still solid. People, worldwide, are working and spending, and that should be good for the markets. In fact expectations for the global economy’s growth has been recently been increased. Not the sign of an imminent bear market.
All of our Arrows remain Green so we remain fully invested.
