March 2020



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As you may have heard, trading on the stock market was temporarily suspended this morning.  This suspension was based on automatic thresholds established initially after "Black Monday" in 1987 and since revised multiple times.  The Wall Street Journal has a really good history of these trading rules and historical halts if you're interested.

As of this writing (about 1 pm Central on Monday March 9), the S&P 500* is down about 19% from its February high.  Today's selling appears to be caused by the steep drop in oil prices over the weekend combined with ongoing coronavirus concern.

As much as this is difficult to watch, our advice is not changing.  We are still long-term investors.  We are still confident that markets recover after downturns like this and far worse.  Our best strategy remains staying the course with your individual financial plan and investment strategy. 

If you have any questions on the markets or your financial plan, please feel free to give any of us a call at 817-993-0401.

Jean Keener CFP CRPC
Patty Priddy CFP CRPC
Rachel Songer CFP
Hannah Szarszewski CFP
Christina Slavonik CFP
Christina Slavonik CFP
Keener Financial Planning provides as-needed, fee-only financial planning and investment management services.  We're proud to have provided all advice on a fiduciary basis since the Firm's inception in 2008.  A free initial consultation is offered to all potential financial planning clients.  Please call 817-993-0401 or visit our  website  to schedule.

*Source for investment returns is Morningstar as of Friday March 9, 2020.  S&P 500 TR USD for the S&P 500. 
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