Efforts to mitigate the Coronavirus (COVID-19) gave way to a bear market last week when U.S. index funds dropped more than 20% from their recent high.
Containment strategies – canceling events, limiting travel and practicing social distancing – help safeguard public health and disrupt the spread of the virus. As we’ve seen, they can also disrupt the markets.
When people stay home, consumer confidence dwindles, spending is curtailed and economic activity contracts.
We build financial plans with a long-term outlook, and your plan is performing as expected in these market conditions. Even so, we understand it’s a challenging period for many investors. That’s why we put together a free resource to guide you during this time.
In “Coronavirus and the Markets,” we analyze the economic risk and recovery in the fight against COVID-19.
The steps that U.S. policymakers and health officials are taking to slow the spread of the virus are important, and we all must do our part to keep our communities healthy and reduce pressure on our medical system. As always, we are available to talk, so please reach out with questions.
As always, thanks for your continued support. We feel privileged to serve you. And please contact us with any questions.
A diversified portfolio does not assure a profit or protect against loss in a declining market.