SUMMARY. Many who invest fail to forget the stock market is a discount mechanism. Meaning it discounts what will come down the pike 6-12 months from now. Thus, whatever economic weakness is occurring in the short term is weighed against what WILL occur in the future. The uncertainty TODAY may lead to more certainty tomorrow.
INVESTMENT IMPACT. We continue to weigh the above in continuing to selectively increase our equity exposures. Our view is the virus impact on growth is temporary and may lead to accelerated growth in 2H20 into 2021 especially as monetary policy loosens further.
For more insights see our website and disclosures found there at BCA. As always contact us for further explanation of how these events can effect your finances.