Before talking about the markets, we want to express sympathy to those affected by the Coronavirus. We continue to send thoughts and prayers during this difficult time.
While we've been aware of the Coronavirus for some time, markets took a dramatic turn these last two trading days. Reports confirmed the virus spread to South Korea and Italy. This left investors filled with uncertainty on how the Coronavirus will impact our global economy.
We thought it would be helpful to share historical S&P 500 performance during and after recent epidemics.
Chart source: CNBC Yahoo Finance
As you can see from prior epidemics, markets tend to rebound quickly. By no means are we trying to down play the magnitude of the Coronavirus. We are sharing this information as a reminder to only make long-term investment decisions based on your financial plan.
Should you have any questions or changes to your financial situation, please call our office. We are here to help!
Thrive Wealth Management, LLC