The market has scaled dizzying heights over the last 8 years. Rallying in the face of political gridlock, stretched valuations, and a tightening Fed, the market is as undaunted as Spiderman swinging through Manhattan’s skyline. The rally may hang on longer, but investors must use their “spider-senses” to avoid any future pitfalls. As opposed to trying to call a top, RVP is staying disciplined and continuing to focus on finding undervalued segments of the market.
Read our full Q2 2017 Investor Letter