Tom: “I think I speak for everyone when I say the events of the past two weeks have been mostly indescribable.”
I think I speak for everyone when I say the events of the past two weeks have been mostly indescribable. Market sell-offs, rising infection numbers in the U.S. and grim virus news from countries like Spain and Italy have us all more than a little on edge.
I have said from the beginning that it’s not time to panic, and we will get through this. Perhaps we’re starting to see the truth in that statement, as the Dow closed yesterday up 11.37%. Markets bounced on the optimism of a potential relief package and the possibility that we may begin to recover from events soon.
We encourage you to continue to reach out to clients, keeping them informed of what’s happening in the markets. One easy way to do this is to share our weekly market call with them, which highlights recent market events and our thoughts on what we might expect in the next few days.
This week, we welcome guest Robert (Bob) Carey, chief market strategist for First Trust Advisors. Bob shared his thoughts about what we’re currently seeing in the markets – and what we might expect to happen over the next few weeks.
- How the Federal Reserve’s unprecedented action on Sunday, March 22, spurred yesterday’s market bounce
- Ways an approved stimulus package could help to reassure investors and spur markets upward
- Possible signals to look for indicating we’ve started on the road to recovery
- Why now is the right time to review asset allocation and possible rebalancing