Turn! Turn! Turn! | Steve Henderly, CFA
Printer Friendly PDF: March 2026 Commentary
Clients may recall our commentary a few years ago where we referenced this 1965 #1 hit song title by The Byrds. In March 2022, we were in the early innings of the most aggressive tightening of Fed monetary policy in modern history to combat inflation. The song is notable for being one of the few pop hits whose lyrics are drawn almost entirely from biblical scripture (Ecclesiastes 3:1-8). The song was also emblematic of the era’s mix of spiritual reflection and subtle anti-war sentiment, as well as symbolizing cycles of change, generational transition, and the hope that turbulent times would give way to renewal.