Looking Beyond the Risks
“When you see only problems, you’re not seeing clearly.”
– Phil Knight, Shoe Dog: A Memoir by the Creator of Nike
As we begin the final quarter of 2022, the markets and the economy are still facing numerous challenges from persistent, high inflation, ongoing Fed rate hikes, and geopolitical instability. The first nine months of 2022 represented the fourth-worst start for the S&P 500 in history, eclipsed only by 1931, 1974, and 2002 based on JAG calculations. It may seem difficult to see anything ahead but more problems. But as Nike founder Phil Knight pointed out in his memoir, the inability to see positives is an indication of misguided thinking.