"Business cycles don't die on their own, the Fed kills them." Munson had strong words for those that suggested this business cycle is ready to end. "We don't have a crystal ball anymore than the next person. You invest for today and plan for the future." Discussing how client's should be more mindful of their overall plan than trying to time the market based on what the Fed may or may not do could damage your financial health. "Right now we have inflation under target and slack in the labor market. With no clear signs of wage inflation, there is no reason to jump off the ship just because we know eventually the Fed will raise rates. We know cute babies turn into teenagers, but that is not a reason to avoid having children."

When asked about the Fed hawks that appear to be breathing down Fed boss Janet Yellen, Munson was pretty clear. "A few Fed members that are trying to get the keynote speech at a Rotery meeting is different than actual change in policy. Don't let the hype fool you."