COVID19 Market Outlook

The COVID19 outbreak has torn throughout the globe and impacted nearly every area of life. This amount of change and uncertainty can be very unsettling and we remain steadfast in our commitment to help our clients through this period. Many clients have asked if we are still taking new clients right now. The answer is an emphatic yes and we have been hard at work helping many new people as well. Please do introduce us to anyone you know who is seeking guidance at this time. To all those suffering health or economic hardship right now, we extend our thoughts and prayers. To all those doing their part, be it big or small, to help fight this virus we give our thanks.

Market Outlook

After dropping to recent lows in record time, the market has rallied strongly in recent weeks. Many are wondering if the current market levels will hold, if we’re headed back down, and what they can be doing right now. Remember the following:

• Being balanced has helped buffer you against the worst of the market volatility. We also have been rebalancing many of your accounts during our conversations, which can help you actually capitalize on the market volatility in the long run.
• Similarly, while you don’t see all the activity on a daily basis the portfolio managers of the funds you own will have been using this time to upgrade their portfolios and buy companies or bonds that they believe will be poised to succeed on the other end.
• Having a plan is only worthwhile if you stick with it. Remain calm and know that we plan not only for today but for your long term success.
• This can still be a great time to add money. You can still make 2019 IRA contributions through July 15 or add money to other accounts.

For those interested in a more in-depth look at the markets and where we may go from here, we suggest the following article from Clearbridge Investments: Will Shock and Awe Be Enough?