The outlook for our economy varies greatly depending on who you listen to. Some believe we are on the brink of significant growth, while others fear we may face a correction or something worse. Although I'm not an economist, analyzing the markets without feeling that a change is imminent is hard. Over the past five years, the Dow has increased by more than 50%, the S&P has risen by nearly 80%, the Nasdaq has grown by over 100%, and Bitcoin—called by some the canary in the coal mine—has surged by almost 900%.
I'm not suggesting a negative outcome, but this situation reminds me of the volatility we experienced from 2008 to 2009. I vividly recall the day Lehman Brothers collapsed. I was in a corporate leadership meeting with representatives from the private equity firm that owned our company. They appeared distracted and worried throughout the day as they constantly checked their phones. It was a challenging time, and when we emerged from that meeting, we all understood that we needed to …
