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I hope this email finds you and your families well. CNY has officially entered phase two reopening which means Kane Financial can begin in-person client meetings!
The state health department has provided required guidelines to businesses that are reopening, which thanks to Lyndsey’s hard work, have been 100% implemented at our office. We are taking every safety measure and precaution necessary so that our clients can feel comfortable coming to our office for meetings.
In terms of the markets, our economy, and general financial planning, here is a brief list of recent FAQs:
How are the markets doing?
Following the fastest stock decline in our history (34% in just under a month), markets have rallied by 36% from March lows, all while some of the worst news was coming out. The downturn provided several excellent buying opportunities within client accounts.
Will the Stock Market go back down?
It could, and if it does, we will again add to long equity positions in client portfolios. That said, this rally has been very encouraging. Markets are forward looking economic indicators, taking in current known information, and projecting what our economy will look like 6-9 months down the road. We do not quite know the extent of economic damage the shutdowns have caused, and that unknown is still hanging out there for markets to digest.
What else should we be thinking about for the rest of 2020?
Finally, since we can meet with clients once again we would love to set up a review meeting with you. After the market volatility we have experienced, now could be a great time to re-evaluate risk tolerance and portfolio allocations.
Please feel free to schedule a meeting using the link on our website, it goes directly to my calendar where you can indicate the type of meeting, and the date/time that is most convenient for you.
I look forward to hearing from you, if you have any questions or concerns at all, please do not hesitate to contact the office.