Please click here to view our latest market commentary.
Since our First Quarter Market Commentary was distributed in early April, U.S.
Please click here to see our latest market commentary and reaction to coronavirus developments.
With the recent drop in the market of ~ 7.6%, U.S. equities have fallen about 18% in the past month erasing most of last year’s rally. It’s not only the percentage of decline that matters but also the speed with which the decline has taken place, i.e. over the fewest days of any correction in recent memory.
Given the market correction over the past two weeks to coronavirus developments in the United States and abroad, we wanted to reach out to our clients and friends and provide them with our latest observations.
As the corona virus threat worsens and reported cases rise globally, we wanted to reach out to communicate our take on market implications. Extreme market volatility is always unsettling for investors, but it is important to view the recent market moves, including today’s decline, with a healthy dose of perspective. After a year like 2019 when the S&P 500 rose approximatel