Market returns generally have been favorable over the past two years. As in most periods, favorable outcomes have resulted from irregular uptrends. Each period presents investors with an array of challenges and opportunities. This period has included higher than normal political and geopolitical uncertainties. Such uncertainties can lower confidence across the policy spectrum – fiscal, monetary, trade, foreign affairs. Higher uncertainty and lower confidence usually are not friendly to economic growth and investor risk-taking. So far, growth has remained positive and risk-taking has been rewarded. A review of investor behavior can provide a sense of preferences and outcomes.