The market and economy are cyclical.
History shows that markets and economies have upswings and downswings.
The problem is that these fluctuations can be so long, many people forget the cyclical nature of the market. Once an up wave is in place, many investors believe it is permanent. At Cornerstone, we have researched hundreds of years of market cycles to aid our clients in understanding where we are within the cycle. Our objective is to invest into the next wave, not the end of the current one. We first scrutinize the economy, determine the sectors that will benefit most, then look within those sectors for the industries best positioned to succeed.