As the markets gyrate in response to the likely upcoming recession caused by social distancing which is being used to fight the spread of the coronavirus, it is important to not get caught up in fear and to remember investment history.

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Investments have traditionally made more, much more, than money in savings. But with that comes short term risk, as we are experiencing in spades in March. Here is a good article written recently about keeping calm and having a good perspective when the markets are rocky.

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Yesterday the governor of PA issued a stay at home mandate for most people, other than going out for essential items.  We are in unchartered waters with the coronavirus.  That is true even in the investments markets.  As of yesterday, the S&P 500 was down over 34% from its peak on February 19^th.  It is the quickest decline of 30% or more in history, even quicker than drops during the Great Depression.

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JP Morgan, one of the Portfolio Strategists we utilize for client accounts, wrote the following in a weekly market update regarding what a coming recession may look like…

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Jerry Chafkin, the Chief Investment Officer of AssetMark, recently wrote the following during the huge market decline on Monday, giving a good perspective…

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Everyone is talking, thinking, and sometimes filled with fear about the coronavirus. Today I thought I would share a few things from the Center for Disease Control, or CDC, website about what symptoms to look for and how you can help stop the spread of diseases like the coronavirus. If you suspect you have contracted the virus somehow, get tested and keep yourself from contact with others.

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Today the stock market was down a lot initially, with the Dow being down over 700 points early in the day. However, the the Department of Labor released the data for February unemployment this morning and it was very good news.

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