Market Update for 03/05/2020
Dear Clients and Friends of ZWM,
The markets keep on roiling, moving up or down 2% to 4% daily. This volatility can be disturbing when you see the numbers and hear or see the headlines. As we have discussed in the past, we are concerned, but not panicking.
Whether it is the Coronavirus news, or the latest projections on who will be the next president, the market is finding many reasons to express every emotion that the news headlines can evoke.
The more pronounced moves are the result of so many stock speculators, day traders, hedge funds, momentum traders, and newly minted stock experts moving in and out of equities. Whether it is a correction or the prelude to a recession, we will ride out this storm. Our more defensive positions should help us to do so.
Please feel free to reach out to any of us with any questions. I will be traveling for a few days, but can be reached in an emergency. In the meantime, the rest of the team is here to serve you.
Thomas H. Zimmerman, CFP®
A NAPFA-Registered Financial Advisor
Zimmerman Wealth Management, LLC™
OUR NEW ADDRESS:
500 DAVIS STREET, STE 1005
EVANSTON, IL 60201