How long does an economic cycle last? Although that is a difficult question toanswer, according to Investopedia “the average economic cycle has lastedroughly five and a half years since 1950, although these cycles can vary inlength. As our clients know, we believein investing with the length of an economic cycle in mind. Given that, the S&P 500 excludingdividends has risen by an average of 9.99% per year (May 31, 2018 to November 30,2018). Keep in mind that this 5½ yeartime period includes peak-to valley declines of 19.78% (September 20, 2018 toDecember 24, 2018), 33.92% (February 19, 2020 to March 23, 2020) and 25.43%(January 3, 2022 to October 12, 2022). Not too shabby.
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