On February 19, the stock market hit its highest mark in history. Less than a month later, on March 11, the coronavirus outbreak was declared a global pandemic, setting off the largest single-day market drop in a generation.
In the weeks since, volatility has been the only constant, with near-daily surges and loses as the market reacts to international reports on the virus and economic relief efforts from Washington.
Today, I’m joined by Christian Wagner, president of Penn Investment Advisors, to gain a clearer picture of what is driving the volatility of the market, what individuals and families can be doing to protect their wealth during this period, and get his thoughts on what comes next.
If you would like to learn more about Penn Investment Advisors visit them online at PennAdvisors.com
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Investment advisory services are provided through Penn Investment Advisors, Incorporated (PIA), a Registered Investment Adviser. PIA is a wholly-owned subsidiary of Penn Community Bank (Bank). Investment products, securities and services offered by PIA are not a deposit of, or obligation of, or guaranteed by the Bank, or an affiliate of the Bank, are not insured by the FDIC or any agency of the United States, the Bank, or any affiliate of the bank and involve investment risk, including the possibility of loss of principal.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. Penn Investment Advisors, Inc., shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This podcast was created for informational purposes only.
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