Week of October 10, 2022
In the last century, we have seen numerous events that create global uncertainty. Most recently, Russia has shifted their tactical strategy to destroy critical Ukrainian civilian infrastructure, signaling desperation for Russia and a long, drawn out conflict for Ukrainians. At home in the US, the Federal Reserve indicated a long, drawn out process to defeat inflation; much to the dismay of equity markets. As history tells us, conflicts and equity prices may ebb and flow, but a positive resolution will prevail. No changes to Signals this week.
Bob Bilkie, CFA & Michael Mullenax