We continue to believe that rates are staying higher for longer playing a pivotal role in shaping our recommendations of buying the best not the rest while staying the course has proven over the past decades to ring true.
Today's asset prices provide a great opportunity to put funds to work as there is a large amount of cash on the sidelines ready to buy these dips.
Historically since 1981, we have seen 9 occasions of the S&P sliding lower in both August and September. Of those nine occurrences, the market has rallied all nine times averaging better than a 9% return for the remainder of the year.
Stay ready and positive for the inevitable bounce higher as we race to the end of this year.