THE LIBRARY

As we look forward through the Fall of 2024 to the prospects for 2025 and beyond, we think it is worthwhile to first look back at where we have come from over the last 5 years. In the summer of 2019, the then-current bull market was over 10 years old and, although we did not know when it would end, we certainly did not expect it to end with a global pandemic in February/March of 2020. Imagine in the summer of 2019 that an investor was given a forecast that in the next 6 to 9

The financial market volatility we referenced in our Fall Foresight is unfolding as expected and likely will continue into early/mid 2023. Current volatility aside, we are very encouraged by developing long term major trends as we move into the next economic cycle. We see the potential in: Major capital spending in renewable energy to combat climate change Renewable energy generation and energy storage are major components of the investment spending to decarbonize energy crea