“It’s a great huge game of chess that’s being played – all over the world – if this is the world at all, you know.”
– Alice from Lewis Carroll’s Through the Looking Glass
The Through Line: Market volatility reasserted itself in a big way recently amid a long list of noisy headlines. Most of the issues have multiple potential interpretations, leaving participants to determine what’s up, down or sideways – and, more importantly, how (or whether) to respond. We remind investors that the default gear for both the economy and the markets over the long haul is up and to the right, and that pullbacks are normal. It helps to master the skill of keeping emotions in check while focusing on constructive fundamentals.
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