Since hitting an all-time high on February 19, U.S. equity markets have experienced significant volatility as investors gauge the potential negative effect of the COVID-19 illness on the global economy. While we believe there is a potential for more downside in the stock market, there are multiple reasons in our opinion why this downside may be limited. While the Federal Reserve (Fed) cannot cure the virus, they have taken action to help offset panic and aid market liquidity. From an investment standpoint, we do not think now is the time to change long-term strategies. Instead, working with your financial professional to navigate market fluctuations is the best course of action.
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Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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