We hope this finds you well. We will have another post at the end of the week, but for now we wanted to give an update on market performance for the month and year to date:
We also wanted to attach the following updated information from JP Morgan’s Guide to the Markets:
As you can see from the red dots on the graph, from the peak to the trough, the market is down 34%. Since 1980, we’ve only seen three other years with declines this large – 1987, 2002, and 2008. In hindsight, with a longer term investment horizon, all three were attractive times to buy stocks. Please reach out to us if you’d like to discuss your accounts.