July 23, 2020

Uncertainty, Change, and Opportunity

Header Picture

The stock market peaked on Feb 19th and over the next 33 days fell -35.3%. It then rose by +48.7% over the subsequent 114 days1. Such large moves over such a short number of days are relatively unheard of. In fact, events such as these are so rare, that they require an explanation. These are not normal times.

The collapse was driven by the arrival of a global pandemic, COVID-19. But it was supported by already slowing corporate profit growth and a stock market that was richly priced. The subsequent rise was driven by monetary and fiscal stimulus by every major industrialized nation, and on a scale and at a speed that previously would have been thought impossible. Governments did a lot and they did it fast. These efforts2 to support the domestic and global economies, dwarfed what we experienced during The Great Recession of 2007/09.

So, where do we go from here?


If you have any questions about this market review or your own personal situation, please contact us today. Wishing you and your family good health during these uncertain times.

1 Data and statistics provided by Global Financial Data, Inc. at
www.globalfinancialdata.com
2 Comparison provided by Goldman Sachs Asset Management

BROUGHT TO YOU BY:

Profile Picture

Thomas G. Duffy, CPA/PFS
Partner/ Woodland Hills
DK Wealth Management LLC
21600 Oxnard Street, Suite 2000 Woodland Hills, CA 91367

Tel 818-385-0585
[email protected]

Profile Picture

Daisy Hom, CPA
Partner/San Diego
DK Wealth Management LLC
4225 Executive Square, Suite 900
La Jolla, CA 92037-1485

Tel 858-642-5050
[email protected]

Profile Picture

Kristopher Lindley, CFP®
Financial Consultant
DK Wealth Management LLC
12555 High Bluff Drive, Suite 210
San Diego, CA 92130

Tel 619-550-4619
[email protected]
DK Wealth Management LLC • 4225 Executive Square, Suite 900, La Jolla, CA 92037-1485
Investment advice offered through Integrated Financial Partners, doing business as DK Wealth Management LLC, a registered investment advisor. Thomas Duffy and Daisy Hom are solicitors to Integrated, compensated for solicitor services. Thomas Duffy and Daisy Hom do not provide investment advice. Thomas Duffy and Daisy Hom are not affiliated with Integrated Financial Partners. Click on the links for a copy of the firm’s ADV and solicitor disclosure statement.

The information in this material is for general information only and is not intended to provide specific advice or recommendations for any individual. Integrated Financial Partners and LPL Financial do not provide legal/tax advice or services. Please consult your legal/tax advisor regarding your specific situation.

The information contained in this e-mail message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.
InTouch Picture