Long-Range

Schlindwein AssociatesInvesting, Market Observations

Long-range for many investors rarely extends beyond the next twelve months. Perhaps this just reflects market volatility which can render outcomes woefully inaccurate quite quickly. Likely, it also reflects the reality of horizons over which investors are evaluated. Long-range analyses tend to be the purview of economists and policymakers. This does not mean the forecasts in such analyses are irrelevant. Hopefully they are used across the spectrum of market participants as they can provide important perspectives. The perspective here provides some long-range assessments for key economic and market variables. While economic and market variables are not perfectly correlated, an understanding of their interactions is important. As a result, a look at long-range projections relative to historical outcomes certainly is warranted.

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