Today, we take stock (no pun intended) of where we are financially with regard to the Coronavirus pandemic. First, how has the 2020 market selloff compare with previous declines, corrections, and bear markets? Alex Cabot compares the data and explains that it's not the depth of the trough, but how quickly it happened.
Next, Ed Lambert takes stock of where we are now, mid-May, in terms of the economy. We look at the decline and potential recovery, with the caveat that re-opening the economy really depends on the virus itself.
Finally, Alex looks to the future. The world is going to look very different post-quarantine. Alex explains the conflict between ease of technology and telecommuting vs our natural need for human interaction.
Resources:
Birch Run Financial Website: https://www.raymondjames.com/birchrunfinancial/
Email Birch Run Financial: info@birchrunfinancial.com
Call Birch Run at 484-395-2190