Stout Bowman wanted to briefly address the recent volatility and market drop driven by fears of the coronavirus. We are keeping a close eye on current developments and are in contact with our industry partners to determine what response we feel is needed. We have seen short-term, rapid drops in the market like this before only to be followed by quick recoveries (Brexit, European Debt Crisis, among others), and we have weathered those together.
It is important to remain calm and to focus on long-term goals and the big picture. As always, please feel free to call with any questions.Article can be found at: https://cdn.pcvsoftware.net/SBA22020.pdf
Tax season is rapidly approaching, so we’d like to offer a few reminders and tips as you prepare!
Additional and more specific information will be posted as it becomes available on TDAI’s website, www.advisorclient.com.
The strong showing in the equity market represented a rebound from the poor performance in the 4th quarter of 2018. The market was buoyed by moderate economic growth and better-than-expected corporate earnings growth. Interest rate stabilization and subsequent cuts added upside to US equities. Although global trade concerns remained the major focus in 2019 and into 2020, they did hinder positive moves in US stocks in 2019. We remain modestly positive for stocks and bonds. 2020 is a presidential election year, and we do anticipate increased volatility, but not like we saw in the 2016 election year.