Market Update 3/30
Jeff Thomas | March 30 2020
There is never a dull moment in this market!
In last week’s video, we talked about how the market was deeply oversold and due for a bounce.
We certainly got that in spades!
In fact, it is possible that the low for this bear market was put in last Monday.
The big political news last week was that Congress passed a $2 Trillion stimulus plan.
We now have two of the three legs of the stool we need for a new bull market.
First, we got the monetary stimulus where the Fed has begun “Unlimited QE”.
Next, we got the fiscal stimulus with Congress’ bill.
The third thing we now need is evidence that the curve is flattening on the Coronavirus.
Hopefully, we will see that data in the next two months. While we wait for that, the economic news will undoubtedly be terrible.
Markets are likely to chop for the next few months and last week’s low could be tested.
Don’t let the headlines or volatility scare you. Markets will eventually look through the crisis and rally even more.
Fortunately, we have our Three Dials Investment approach that examines the evidence of what is happening, not opinions.
Next week, we will deliver an update on where the dials stand.
For now, stay strong, wash your hands and call your elderly friends and family to check in. Know that our team is praying for your health and well-being.
We will get through this together--stronger than ever!
Disclaimer: Our intent in providing this material is purely for informational purposes, as of the date hereof, and may be subject to change without notice. This article does not intend to constitute accounting, legal, tax, or other professional advice. Visitors and readers should not act upon the content or information found here without first seeking appropriate advice from a trusted accountant, financial planner, lawyer or other professional.