We long ago learned that adhering to an existing plan, seeking to make adjustments only where truly necessary, remains the smarter course for achieving investment success. Often, that means retaining an investment strategy when it can feel the most uncomfortable to do so. But while that discomfort might seem unbearable for a time, history shows that patience in the face of heightened volatility and decline tends to have been rewarded over time. Though we accept that the challenge can be a heavy one at times, we think one of the smarter ways to manage investment-related stress is to simply look away.

Listen to CIO Mark Mowrey introduce this month's commentary:

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