Over the past few months, we have experienced market extremes from one end to the other, and back again. We’ve lived through historical records for both the extent and rapidity of movement. In our current respite from unprecedented activity, what lessons can we take away? The June strategy report focuses attention on the ability to think carefully during times like these, separate the noise from potential long-term effects, and respond appropriately for your particular situation. Next, we take an inward look at how Abbot Downing researches managers who have the potential to outperform their benchmarks, not just for a single time period but consistently over a number of years through different market environments. In addition, this month’s report includes an insightful discussion of key market events to learn from and watch for in coming weeks.