The Search for Equilibrium and a Path Forward
As the third quarter draws to a close, we find ourselves in one of the first prolonged down markets since the global financial crisis. In a way, it is natural to believe that “this time is different” because, it has been. The previous bear market during COVID and the “almost” bear market in Q4 2018 were very quickly resolved—in both cases, the markets had recovered from their lows within about 3 months. Ironically, we are now faced with the consequences