Bull Sessions (5/17/2022)

Exploring Destructive Resonance. Our weekly session will attempt to remind that stock prices fluctuate a whole lot more than the VALUE of any company and it's the operating fundamentals that really matter. Morningstar's current favorite (10) small companies ... Channeling and discussing the long-term perspective for a medical devices company -- how has our viral challenge impacted discretionary procedures and deferred pothole maintenance?

Mark Robertson, Kim Butcher, and Diane Graese hosted the May 17th, 2022 Bull Sessions webinar, discussing market dynamics during a challenging economic period marked by pandemic aftermath, recession, and geopolitical turmoil. The speakers emphasized that despite market volatility, opportunities exist in small-cap and mid-cap stocks, challenging the "sell in May" aphorism. They referenced the Tacoma Narrows Bridge collapse as a metaphor for market instability, illustrating how long-term investing perspective helps investors navigate short-term fluctuations. The Mid-Michigan Better Investing roundtable portfolio was highlighted as outperforming the market by 6 percentage points (16% annualized return versus 10% market return) during the downturn. The speakers analyzed Morningstar's 10 best small-cap companies list, emphasizing the importance of distinguishing between small-cap stocks and small companies, and demonstrating the Manifest Investing methodology for evaluating stocks through projected annual returns, quality rankings, and relative strength metrics.