The world changed dramatically over the last six weeks. A recovery is coming, but it will take a while for the economy, financial markets, and every-day life to return to normal.
Fear of the Coronavirus and its impact on the economy has created extreme volatility in financial markets. Less than a month ago, the U.S. stock market was at an all-time high, economic growth was steady, and tensions from the trade war were abating.
The fourth quarter of 2018 was filled with anxiety about a pending recession. The long-awaited bear market was about to arrive.
While 2017 was a year of stability, comfort and strong stock market gains, 2018 was essentially the opposite with higher volatility, increased anxiety, and poor stock returns.