February Weather Report
For today and throughout the rest of the week there is a high chance of headline risk:
While the market continues to react to the impending pandemic caused by the Coronavirus, we may continue to see increased panic selling.
New reports of the virus spreading in countries such as South Korea, and making its way to Europe, has caused a downward spiral in future market expectations.
It is hard to say how this panic will play out over the next few weeks and how it will affect quarterly revenues.
We expect the effects of these concerns to continue past the containment of the virus as many companies may miss their marks.
It's still too early to assess the impact of the Coronavirus on the stock market, or whether it will lead to a material change in future global economic growth.
Treasury yields have been under pressure as expectations grow for the Fed to cut rates two more times this year.
The 10 year note reached an all-time low this week
As investors flee equities markets many of them are flocking to municipal bonds, treasuries and cash.
At Renew Family Wealth we believe that fear is not a strategy. We remain disciplined in our investment approach. Our outlook remains optimistic. While temporary setbacks can occur, we continue to find value in various areas of the market. It is prudent to be invested appropriately for your risk tolerance. We are available to assess your current investment strategy to determine if it is appropriate for what you are attempting to accomplish.
Please contact us if you have questions or would like to discuss further.
