We hope everyone remains healthy throughout this difficult time. We wanted to review our three discretionary portfolio strategies. We recently made some adjustments to both the Global Balanced Advisor and the Growth Equity Portfolio.
The stock market has continued its recovery from the low on March 23rd. It has done so in the face of declining oil prices (another unprecedented market occurrence). Today, despite worse than expected Q1 GDP, the market is up mostly because news of a Gilead drug to treat COVID-19 patients. A good question we have…
The spread of the COVID-19 virus is having a profound effect on the financial markets. The beginning of First Quarter 2020 saw new all-time highs in the stock market, up until the later part of February when it became clear the virus was not just going to be a problem for China.
The market is still digesting what path the COVID-19 virus will take as we continue to monitor our research to execute on our long-term portfolio strategies on behalf of our clients. I wanted to step away from just commenting on the market and share some financial planning tips to consider during this time.
The market drifted lower, about 5% last week (week of March 30th), as it appeared the virus was getting worse. Over the weekend, we had some good news from Europe and New York City, that it appeared cases were slowing, and our social distancing was “bending the curve”.
THIS TIME THINGS ARE DIFFERENT, OR ARE THEY? Over the last few weeks, we have sent emails to our clients outlining historical events of past market periods. One could always say, “this time things are different”, as we have never seen a pandemic like Coronavirus. Although bear markets are sometimes event driven and every event…
