Long-term perspective on markets and economies

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Expect peaks and valleys on the road to economic recovery, according to veteran portfolio manager Rob Lovelace. There will be ups and downs, but Rob feels it’s a matter of when, not if, we make it across this valley. Market recoveries have been powerful after large declines. The average recovery has delivered 279% cumulative returns and lasted 72 months, compared to a decline of 33% and 14 months for bear markets.

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