The ongoing spread of coronavirus and uncertainty surrounding such pushed markets down a thousand points on the Dow (as of press time), and brought the ten-year bond yield to very near an all-time low. This 3%+ drop in stocks brings the equity market to where it was at the beginning of the year. Bond values continue to surge, offsetting much of the equity value drop for diversified investors.
In this special edition podcast our Investment Committee unpacks what is happening, why, what it means, what it doesn’t mean, and what we are doing (and not doing) about it. We also reiterate our theme of illiquidity-investments for 2020, and shout from the mountaintops the message that we are owners of business, not speculators in the stock market.
Check out my appearance on Fox Business News – Making Money with Charles Payne where we debate on the market impacts from the Coronavirus vs. Bernie Sanders’ big win.
Asset allocation is doing what it is supposed to do – with bonds and alternatives performing the important zig function to the equity markets current zag. This equity downturn should mean nothing to any real investor’s actual financial well-being and long-term goal outlook, even as it does poke at natural human discomforts and fears. Our entire advisory team remains at your beck and call should you have any questions or concerns at this moment. Check out the podcast, and stay tuned for more updates as warranted. To that end, we work.
With regards,
David L. Bahnsen
Chief Investment Officer, Managing Partner
dbahnsen@thebahnsengroup.com
The Bahnsen Group
www.thebahnsengroup.com
This week’s Dividend Cafe features research from S&P, Baird, Barclays, Goldman Sachs, and the IRN research platform of FactSet
