Long-term perspective on markets and economies

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.