Despite recent volatility we remain very bullish. Markets are forward-looking and volatile because of the upcoming elections. Investing and society are guided by cycles. Knowledge of investing cycles can be profitable; and knowledge of society's cycles can be comforting in our Crisis Era. The United States enters a two-decade Crisis Era approximately once every lifetime. We are at the climax of a Crisis Era that began with the Financial Crisis of 2008. The United States of 2026 will look very different from the United States of 2020; but by 2026 the United States will enter into a new high of harmony and prosperity. Spring is next. Neil Howe and William Strauss predicted in 1992 that a once-in-a-lifetime “Crisis era…will climax around 2020” with ”the resolution around 2026” (in their book The Fourth Turning). Mr. Howe is a demographer (someone who studies generations) credited with coining the term 'Millennial.' His research in demographic