Hello FIT friends,
Attached is your first quarter statement and our updated ADV. The following are some thoughts regarding the recent market volatility.
2022 continues to be a tough year. The S&P 500 is down 13.3% through the end of April 2022. That’s the bad news. The following chart shows the worst starts to the year (including this year) and how the S&P 500 performed the rest of the year. The good news is that a lot of bad news is currently priced into the markets.
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