As we experience ongoing economic expansion, the question on many people’s mind is how long can it continue? In the lead article in July’s Abbot Downing Strategy Report, we review how the post WWII-era models traditionally used have not proven as useful in evaluating current economic expectations. Is this temporary or is it time to reevaluate the models, and what could investors do in the meantime? Next, we dig deeper into the meaning of “fiduciary” and go beyond its Latin roots to succinctly define how seriously we take the role of fiduciary at Abbot Downing. In this report, you’ll also find quarter-end performance updates and insights into current market events and expectations.