Stock Market Update

Over the past two weeks, global markets have reacted to a slowing global economy, with most major indices trading 10-15% below market highs set earlier this year.

We feel it is important to keep this market correction in perspective in relation to the returns generated by these same indices over the past six years. Today, with the S&P 500 Index up significantly higher than market lows of 2009, periodic corrections of 10-15% are normal and healthy (and expected) in the context of an asset class that will almost certainly generate returns significantly higher than fixed income investments in the coming decade and beyond. 

We would like to share an article that appeared this weekend in the New York Times that emphasizes the wisdom of focusing beyond the current global uncertainty.