Weekly Market Commentary

After recording two double-digit drops in equity prices over the last three trading days, the global pandemic of COVID-19 has sent world equity markets into bear market territory. The result is a cumulative 30% drop in the S&P 500 Index in just under 30 days. Though daunting, once the market finds a bottom (which is where the index begins to consistently move higher than the previous market low)—and we believe it is “when” not “if” the market finds a bottom—it will begin to move higher and may provide an the attractive opportunity for long-term investors to consider adding risk to portfolios.

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Paul King, CFP®, Registered Principal, LPL Financial, CA Insurance #0761042

Shannon Corpuz, Registered Representative, LPL Financial

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