Faris Lee Investments

It’s been a rough month and a half for planet Earth, but there are signs of hope. China is returning to normal life as Italy and Spain begin to ease COVID-19 restrictions. The U.S. — the country with most coronavirus-related casualties so far — isn’t at the point of reopening yet, but there are early indications it isn’t far behind. The curve is continuing to flatten — even in hotspots like New York, where Gov. Cuomo announced on April 13 that “it appears we have a plateau.” The COVID-19 infection …

Richard Chichester, president and CEO of Faris Lee, knows we’re late in the cycle, but he doesn’t see this as a bad thing. Nor does he see this timing as a cause for near-term concern. “The U.S. is extremely well positioned in 2020,” he explains. “The economy continues to prove itself to be very resilient. We’re in a safe spot right now but in a mature position within the cycle. This is also the longest expansion in history, so we have to understand what the late-cycle implications are and make …