Recessions are always identified with a lag. By the time one is called, the worst of its impact on markets has usually passed.

For prepared investors, market downturns can represent great opportunity

What may be going on with inflation.

In Q1 2022 a Small Cap strategy that emphasizes value stocks with higher profitability continues to be beneficial.

• Single stocks have a wide range of returns. Only about a fifth of stocks survive and outperform the market over 20-year periods.

• They delist at a high rate, even those that have been around for a long time and have outperformed the market for 20 years.

• The chance of any single stock outperforming the market in the future is not meaningfully different when conditioning on its past performance.

Great video on taking the long term view in investing.

Inflation measured nationally is a little higher than the long term expectation of 3%. It’s almost always present and it is normal for it to rise and lower over time. Interest rate hikes are being implemented starting March 16, 2022, as a normal process to dampen inflation.