March 20, 2020
Thank you so much for your serenity during this time of uncertainty. Your patience and confidence is greatly appreciated.
As we continue to endure the uncertainty and market volatility associated with the coronavirus, we thought it would be helpful to point out some of the factors working in favor of not only the economy but also the markets. The uncertainly is likely to recede only when the rate of infection comes close to a peak. However, there are some considerations that should put a floor under the economy as well as financial asset prices. First start with a few qualitative factors that are important to remember.
The following are more tangible reasons that the economy, after suffering an almost certain recession, should be relatively resilient and quicker to bounce back. These factors include the following:
Hang in there, keep your wits about you, and stay well! We will get through this together. Please let us know if there is anything we can do for you in these challenging times.
Your friend and financial planner,