Weekly Market Commentary 03-30-2020
Submitted by The Wealth Consulting Group on March 30th, 2020Weekly Market Commentary
March 30, 2020
The Markets
The United States set some records last week.
Weekly Market Commentary
March 30, 2020
The Markets
The United States set some records last week.
As I write this blog post from home while “social distancing,” the world is in the throes of the coronavirus COVID-19 pandemic. Stock markets are crashing. Well-laid-out plans years in the making are changing (my own wedding date scheduled for May 22nd is looking increasingly doubtful). Well-laid-out financial plans may also be impacted.
After a strong start to the year, stocks stumbled and finished the month in negative territory amid concerns over the outbreak of Coronavirus,
Weekly Market Commentary
March 23, 2020
The Markets
The coronavirus (COVID-19) continued to spread across the United States last week.
On Friday, March 13, the Centers for Disease Control (CDC) reported there were 1,629 confirmed and presumptive cases and 41 deaths. Last Friday, March 20, the numbers had increased to 15,219 cases and 201 deaths.
Weekly Market Commentary
March 16, 2020
The Markets
Last week was one for the history books.
Mid-week, the World Health Organization (WHO) declared coronavirus a global pandemic. At the time, there were more than 118,000 cases in 114 countries, and the death toll exceeded 4,000 people. On Friday, the Centers for Disease Control (CDC) reported 46 states and the District of Columbia have been affected, so far. As of Friday, there have been 1,629 confirmed and presumptive cases and 41 deaths.
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Weekly Market Commentary
March 9, 2020
The Markets
Last week, market volatility reached levels that make many investors uncomfortable.
On Monday, the Dow Jones Industrial Average surged higher, delivering its biggest one-day point gain in history. The catalyst may have been reports that ‘Group of Seven’ (G7) finance ministers and central bank governors were meeting via conference call on Tuesday. French Finance Minister Bruno Le Maire indicated the discussion would lead to coordinated monetary efforts to address economic issues related to the coronavirus, reported Reuters.
Sally and Jeanette Ng are a mother/daughter team with The Wealth Consulting Group (WCG) in Walnut Creek, CA. Their success was highlighted by LPL in May 2019 for thriving in their independent practice <Read the article here>. They are independent financial planners who focus on developing individualized financial plans, with the majority of their clients preparing for retirement.
Weekly Market Commentary
March 2, 2020
The Markets
Take a deep breath.
We have experienced downturns before.
Think back to 2018. During the last quarter of the year, major stock indices in the United States suffered double-digit losses, much of it during December. What happened next? By the end of 2019, those indices had reached new highs.
The reasons for, and performance following, market downturns varies. The key is not to panic.