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Moving to the Next Stage - July 2023
This year marks the 110th edition of the Tour de France, the most prestigious bicycle race in the world. The three-week 2,200+ mile route changes every year and starts in different countries. Like the Tour, economic and market cycles have different starting points, and no two are alike. The current economic cycle began with an historic pandemic and has been challenged by inflation, war, and unprecedented fiscal and monetary policy changes—factors that have at times exhausted investors. But while the course may change, the goal for cyclists and investors is constant: determine what stage of the race you are in, make adjustments when necessary, and maintain a long-term perspective.
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