MARCH 17, 2020
We are expecting significant market volatility to continue this week as more countries and our communities take unprecedented measures to contain the spread of Covid-19. The name of the game right now is slowing the spread of this disease so we don’t overwhelm our medical system and it is requiring us all to radically shift our daily routines. This is hard, to be sure, and it’s taking a toll on our local economies and the global economy, but we will get through this! It is important that we all remember that right now. We don’t know exactly when or how, but if we focus on what is in our control right now and do everything we can to support the effort, we will be successful. If there is ever a moment to remind us of our common humanity, now is the time.
In addition to staying healthy, our team is laser focused on finding the opportunities in these market conditions to harvest tax losses and rebalance portfolios, selling bonds that have gone up and buying stocks that are now cheap. We appreciate the trust you have placed in us to navigate through this challenging time and we will not let you down.
Be well and please do not hesitate to reach out if there is anything else we can help with.