Traditions Wealth Advisors—Market Commentary- Q1, 2020
The Coronavirus has left no person unaffected by its incredible suffering and loss of lives. While it is easy to be consumed by negativity, we remain positive. We have seen our government utilizing both monetary and fiscal policy to a capacity never seen before.
Historically, large stock selloffs as recently experienced have presented buying opportunities for serious long-term investors. Remember that short-term fluctuations are meaningless. Today, insider buying is at levels not seen since 2008-2009.
We remain optimistic. Long-term investors have always been rewarded by taking advantage of buying opportunities when others are fearful. And although this pandemic is horrendous, never underestimate the power of prayer.
Traditions Wealth Advisors is here for you. We will slowly be coming back to the office next week, but only 1 or 2 of us in the office at a time, while most employees will be working from home. We look forward to hearing from you.
Brien, Sarah and Michael