For some, it might be hard to remember a time before Google Maps and modern, commercial GPSs…
However, I distinctly remember what it was like to have to give verbal or written directions to our home.
We live in a small university town in Delaware that was founded in the late 1600s.
And, like many colonial towns, the roads that leave the center of town quickly diverge.
That means, if someone heads to our house on the wrong road, they head away from us pretty quickly – a problem we ran into quite frequently.
However, as I gave directions time and again – and got feedback on how easy it was to find our place, a pattern emerged.
After travelers left Main Street and headed out of town toward our house, there was a period of trepidation while they figured out if they were on the correct route.
That’s when I realized something…
The folks trying to navigate their way to our house needed a signpost – a landmark that would remove any anxiety that they were headed in the right direction.
Our nearby country club was the first thing to pop into my mind.
Its vast, beautiful, and distinctive golf course is only a half mile out of town and is nearly impossible to miss.
With such a clear visual confirmation built right into our route, I was able to arm our incoming guests with a concrete cue that they were on the right path – eliminating any unease they might have had.
As investors, that same kind of pre-GPS signpost can be incredibly helpful when we look at the financial markets.
Especially when we are dealing with a narrative that is “in transition.”
Over the weekend, I explained how the narrative is evolving.
And today, I want to show you some signposts you can look out for along the way to let you know we’re headed down the right path.