Investment Strategy Commentary: Market Pullback

The recent sell-off has put us into another 5% correction — something that has historically happened every 10 weeks. Today markets almost closed in 10% correction territory — something that has historically happened every 34 weeks, and of which we are well overdue (current stretch is 94 weeks). Weakness can be attributed to a combination of concerns about rate hikes, economic growth and corporate earnings. There is also the unquantifiable risk surrounding Russia’s intentions toward Ukraine.