Monthly Market Review: Are We There Yet?

Many parents can appreciate the all-too-familiar question "Are we there yet?" We can all picture the children packed in the back seat of the family minivan, anxious to arrive at their destination. Parents, despite their best efforts to placate children with promises of sweets and presents, often fail to stop the barrage of questions. 

Perhaps this vignette illustrates attitudes of modern-day investors. “Are we there yet?” is similar to the way in which some investors question when the markets will return to "normal." This phrase can describe the sentiment of investors looking for a reason to change their goal, measure their success, or just simply time the markets. 

This Market Brief doesn’t exactly answer the question, but instead seeks to re-frame it more constructively.