Capital Highlights

SUGGESTED READING "Nuveen Briefing Paper on Markets and Presidential Election Cycles" Want your own copy?

“If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask. for once I know the proper question, I could solve the problem in less than five minutes." ~ Albert Einstein

The very big picture: In the "decades" timeframe, the question of whether we are in a continuing Secular Bear Market that began in 2000 or in a new Secular Bull Market has been the subject of hot debate among economists and market watchers since 2013, when the Dow and S&P 500 exceeded their 2000 and 2007 highs.

Even if we are in a new Secular Bull Market, market history says future returns are likely to be modest at best.

NOTE: Areas with blue text show the most recent market updates since the June Capital Highlights email.

"All that is gold does not glitter; nor all those that wander are lost."
~  J. R. R. Tolkien

"Determine that the thing can and shall be done, and then we shall find the way."
~ Abraham Lincoln

"Life is a series of natural and spontaneous changes. Don't resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like."
~ Lao Tzu

"Ïncome taxes has made more liars than golfers."

~Will Rogers
April 1924

NOTE: Areas with blue text show the most recent market updates since the January Capital Highlights email.

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