Schwab's Market Update as of 03/20/20

Most of our clients know we're huge basketball fans, which would mean that this weekend - the NCAA tournament opening weekend - would be like a holiday to us.   Without basketball on TV and most everything shut down, we thought we'd share some easy reading - Schwab's market update as of the end of the week which we feel is on point and very well written by the some of the absolute very best in the industry.  The final paragraph in the article simplistically explains the market rebound from the financial crisis in 2008/09 which is great perspective:

https://www.schwab.com/resource-center/insights/content/market-volatility

As mentioned in our previous email, we'll be sending out weekly market summaries at the end of each Friday for the foreseeable future, most of the time they'll be very short and direct.  We derive most of our research through what we feel is the best in our industry including Schwab, Morningstar, WidsomTree, etc.  Throughout the week / weekend, you'll see a variety of articles and pertinent commentary from these sources...a productive way to occupy your time while you're stuck at home.

We strongly urge you to reach out to us if you have anything on your mind you'd like to discuss. 

Regards, 

Powers Advisory Group