The bumpy start to 2022 continued these past few weeks, extending a trend most investors hoped would end. As of 5/20/22, the DOW is set to close an 8 consecutive week losing streak, which hasn’t happened since 1923 (source: LPL Research). We have had several conversations lately and many have asked simply “what’s going on, why is this happening!?” That is inevitably been followed up by “how is it going today?” and “what is coming up next?” The best way I can describe what has happened is by virtue of a crude analogy, that of having too much to drink. Anyone who has ever ridden the roller coaster of the highs of a late-night bender, followed quickly by the lows of the hangover the next day should be able to relate to what our economy has gone through over the past two years. And when put in perspective, it should come as no surprise as to why we find ourselves in this position. Let me elaborate…

As many of our longstanding clients are aware, we have a history of holding a variety of different events each year, ranging from our annual shredding event to virtual education events, with some ‘fun’ stuff sprinkled in between. Much of our ability to provide in-person events was stripped from us over the past two years, and it is time to right the ship and get it back on course. With COVID concerns largely in the rear-view mirror (hopefully permanently), coupled with the wide adoption of technology/virtual events, we are working on a robust schedule for the rest of 2022 and beyond. I want to thank the many people who responded to our recent survey about educational event topics and wanted to personally let you know that we heard you. We’re proud to be able to offer a number of upcoming events which we’ve tailored specifically to address what you want to hear about. All you need to do is sign up!

Cathy and I regularly would go into the city. Well, COVID changed that for the last 2 plus years. Recently, we ventured back to NYC for a glorious weekend. Most times we would take the train into Grand Central, especially if we were staying in mid or uptown. This trip we stayed all the way downtown in the Financial District, right on Wall Street, so we decided we would drive, and it worked out wonderfully. There were no worries about catching the right train and schlepping luggage from the parking garage onto the train. We did not have to deal with a lengthy and expensive cab ride from Grand Central to our hotel (and back of course) and schlepping the luggage once again. We pulled up right in front of the Hotel, checked in and parked in the adjacent parking garage. Piece of cake. There was more traffic coming into the city than on the way home. Going in it took about two hours and 15 minutes and it was an hour and 45 minutes door to door coming home. Like I said, piece of cake.