Staying Cool Amid the Panic
Good evening:
Many people seem to believe we live in especially exhaustive, volatile times. But the rhythms of our moment – pandemic, protest, pandemic, election, insurrection, pandemic, inflation, invasion of Ukraine, market volatility – are nothing new. As Tom Lee, our head of research, likes to note: There’s nothing new under the sun. This underscores the importance of looking at cycles and recognizing that what has happened could happen again. The adage applies to markets in profound ways, helping us navigate turbulence and uncertainty.
“There’s no excuse for being surpris...