{"id":16836,"date":"2022-08-03T12:06:00","date_gmt":"2022-08-03T16:06:00","guid":{"rendered":"https:\/\/www.focusonsuccess.com\/insights\/?p=16836"},"modified":"2022-08-04T10:14:33","modified_gmt":"2022-08-04T14:14:33","slug":"market-convictions","status":"publish","type":"post","link":"https:\/\/www.focusonsuccess.com\/insights\/market-convictions\/","title":{"rendered":"Market Convictions"},"content":{"rendered":"

Market Insights at a Glance<\/strong><\/p>\n

Geopolitical developments and the increase of the money supply have elevated volatility and our outlook of course continues to evolve.\u00a0 This summary is intended to aggregate the Firm\u2019s current overall views and present an at-a-glance dashboard.<\/p>\n

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\"\"<\/a><\/strong>Our Portfolio Convictions<\/strong><\/p>\n

Our investment committee is aware of the policies driving markets, the headwinds our current economy is experiencing and the the positive changes that are occurring that will impact markets in the years ahead.\u00a0 We understand these are challenging times in our investing cycle, but long-term we believe innovation and operating efficiencies will drive profitability for strong companies well into the future.<\/p>\n

Of the 12 recessions that have occurred since 1945 (the period we have access to daily S&P 500 prices) the median price increase in the S&P 500 two years after a recession was declared was 25%, and only one of the 12 periods showed a negative return[2]<\/a>. The median two-year price increase from random purchase dates during those 77 years was only 17%, so the recession returns were actually higher[3]<\/a>\u00a0With the announcement of the second-quarter real GDP contracting for the second straight quarter, don\u2019t be bothered, there is no evidence that below-average investment returns are likely to follow.\u00a0 We will continue to modify the allocations as market environments shift.<\/p>\n