Uncertainty. We’ve heard that word a lot in the last few years. However, we have also seen that in nearly every uncertain period, resilience has manifested.
Change is a constant part of our day-to-day lives. Some would argue that it’s the only thing we can accurately predict. In my experience which has spanned more than three decades in wealth management, I have seen market volatility come and go – and it is expected.
The cycles are familiar—the economy expands and contracts and the markets rise and fall, and often our emotions get caught in the waves of change.According to Schwab, market cycles vary in length.
They’ve shared:“A bull market is a long-term uptrend marked by optimism and a robust economy. By contrast, a bear market is a prolonged downtrend, usually marked by declines of 20% from recent highs, accompanied by widespread negative sentiment.