In the kind of bull market we’re experiencing, I get the same question from nearly every client: when do you think we can expect a draw down?  While I cannot see the future, as an advisor I have the tools and team to provide you with my best assessment.

The market has been in a perpetual upswing for several months, which makes a draw down likely in the near future.  While a correction is a normal element of the market cycle, it nevertheless creates a sense of unease in many investors.  Drawdowns of approximately 5-10% are common in any market cycle, often times occurring multiple times within the same calendar year.  It might surprise you to know that since 2009 the S&P 500 has had...