We continue to be in a fluid and challenging environment. Among the greatest challenges is how difficult it has become to escape- to the movies, away for a weekend trip, or even to a restaurant with friends and family.
It is more important than ever to care for your whole self, physically, mentally, and spiritually.
We continue to maintain normal operating hours. Unless necessary, we recommend holding meetings via video conference or by telephone and are happy to schedule the time to discuss any concerns you may have.
In the event our operations are interrupted, or our phone systems are down, time-sensitive requests can be made by calling Commonwealth at 877-347-1982. Simply mention that you are a client whose advisor is affiliated with Commonwealth.
COVID-19 Update
The market declines from peak to bear have never been faster than what we have experienced over the past month. One week ago, a recession appeared possible. By Monday it was all-but-assured. The rapid decline in employment, economic activity, and therefore company earnings are fueling what will be a deep recession. We hope it will also be a short one, but it is too early to tell.
We believe earnings will recover. One of our primary concerns is that any effort to reduce risk right now would mean that we are not in place to recover when things improve, and we have seen how quickly the market can shift. We are investors, not traders, and so maintain a long-term focus on risk management and goal planning.
Normal Business
One of the strangest aspects of this pandemic is how many of our daily activities remain unchanged. Here are some traditional Lowry Letter® items to give you something else to think about:
