Uncertainty Is Certain

3245 Lighthouse Lane,West Bend WI 53090

20 January, 2021

Description

The only aspect that is certain in markets is uncertainty. We’re here to help you understand and navigate the uncertain markets. Dear Friend: If you listen to many political leaders around the world, they seem to agree on one thing: the need to avoid "uncertainty”. They think uncertainty should be eliminated. In their opinion, if the world was more certain, the economy would do better. Such thinking leads some to believe that if we want people to buy houses, we need to eliminate their student loan debt. Or the only way to stop social distancing and lockdowns is to have a vaccine with 95% efficacy against a virus that’s 99% survivable. This type of thinking is odd because if you really want certainty, you couldn't get much more of it than in the old Soviet Union or present-day Venezuela. They minimize flexibility, choice, and freedom while maximizing certainty. Those economies and societies have the certainty of a prison cell, but it's certainty nonetheless. By contrast, free-market capitalism is the opposite of a system built on certainty. No one knows what will be invented next or how consumer appetites will change. In free-market capitalism, uncertainty is a feature, not a bug. Obviously, not all certainty is bad. People are more industrious and inventive when they can rely on the certainty that their property rights will be respected by both government and fellow citizens. That kind of certainty is good, and governments that respect the rule of law while minimizing corruption, help to maximize the risk-taking that boosts standards of living. The same uncertainty applies to financial markets. No matter if the President Tweets, Fed Chairman speaks, or the Electoral College is disputed, markets will always be uncertain. In fact, the only aspect that is certain in markets is uncertainty. At Client First, we’re here to help you understand and navigate the uncertain market environment. These ever-changing markets are what drove us to develop the Adaptiv Investment Management System™ for our clients. With it, we aim to protect portfolios when risk outweighs the reward. We are able to override portfolios when necessary and navigate uncertain markets in order to reach financial and retirement destinations intact. On Wednesday, January 20th, we’ll take some time to answer the following important questions: 1. What clues did the end of December & beginning of January provide about the rest of the year? 2. How does Adaptiv handle extreme market conditions like we had in 2020? 3. How will the Presidential election impact the market? 4. What important sectors and international markets should we be paying attention to? 5. How do fear and volatility impact your portfolio during a period of rising prices? It is my privilege to provide answers to these important questions at our FREE Annual Market Insights, Wednesday, January 20th. Please click the register button to reserve your seat. What: Eat good food, learn about important market developments and insight into the Adaptiv System™ Where: The Columbian (3245 Lighthouse Lane, West Bend, WI 53090) When: Wednesday, January 20th | 12 Noon (doors open 30 minutes prior) Feel free to invite a guest. Space is limited, so reserve your seat as soon as possible. Please click the register button. Navigating markets, David Zarling, CMT Partner, Head of Investment Strategy and Research