Ironic – today, Monday March 9th is the 11th Anniversary of the March 2009 stock market lows, meaning this date was the start of the current bull market advance (we’re wishing it runs longer).
Generally, we are not fond of writing Market Alerts, as it often signifies market action that is unsettling to investors and clients. Further, no one knows exactly how to model a global pandemic. And, we usually don’t give a passing thought to the entity that China uses to describe its New Year, this year being called the “Year of the Rat.” Not to travel that path; yet most are well aware that rats carry all sorts of disease and illness if active pursuits of cleanliness and pest control are not followed. The global health environment appears to be actively searching for effective measures to curb the spread of Coronavirus. Additionally, Washington DC appears to be treating current events as mainly a health-policy issue.