• Charles Schwab
  • eMoney
Bernardo Group
  • Process
  • Team
  • Insight
  • Resources
  • 401(k)
Bernardo Wealth Planning

April 2, 2020

Market Commentary – April 2020

This month we’re providing some macro perspective on the economic effects of COVID-19. Here’s what the experts are saying about the bigger picture…

  • Looking at severe market declines from 1987, 1998, 2008, 2011 and 2015 shows that these selloffs typically have three phases. The first is a panic-driven waterfall decline marking a bottom (which we think we saw last week). The second phase is a prolonged series of sharp rallies and sharp declines as volatility remains high. That’s where we think we are right now. The third phase is a retesting of the primary low, which could still happen.  Read more…  
    – Bob Doll, Chief Equity Strategist, Nuveen
  • As dramatic as this (COVID-19 experience) has been, I do believe that the economy will recover steadily, in part because this situation lacks some of the obstacles to recovery of a typical financial crisis. Central banks are moving quickly to address problems in credit markets, and governments are now acting aggressively to enact fiscal stimulus. The speed and the shape of these policies are deeply influenced by the world’s experience during the global financial crisis in 2008. I also believe their actions are likely to be more effective and work more quickly since they are not fighting against the same structural challenges as they were a decade ago.  Read more…  
    – Larry Fink, CEO, BlackRock
  • The recession of 2020 will likely be characterized by very high unemployment with the jobless rate possibly topping out above the 10.8% seen in 1982, thus setting a new post‐Depression record.  … When the economy begins to recover in 2020, we expect a very sharp decline in the unemployment rate as it should be relatively easy to restart individual companies in the leisure, food services, transportation, hospitality and retail sectors.  Read more…  
    – Dr. David Kelly, Chief Global Strategist, J.P. Morgan

As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels.  Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
Previous Post Next Post

Categories

  • View All
  • Financial
  • Investment
  • Networking
  • Uncategorized
  • Wealth Planning

Popular Tags:

  • Networking
  • Investment
  • Tax Deductions
  • Global Economy
  • Job Growth
  • Financial planning
  • market commentary
  • IRA Distributions
  • Finance
  • Market Insight
  • economy
  • trade
  • Market Volatility
  • Recession Risk
  • investments
  • Stock volatility
  • Market update
  • Stocks
  • Charitable Giving
  • Financial Recap

Financial Insights

Market Commentary: JUNE 2025

Markets in May were buoyed by a combination of geopolitical developments and resilient economic data, even as Moody’s became the third major credit rating agency to downgrade U.S. sovereign debt, lowering its rating from Aaa to Aa1. Despite the symbolic weight of the downgrade—citing rising…
READ MORE

emX from eMoney Advisor

Your browser does not support the video tag.

We’re excited to introduce emX from eMoney Advisor. More than just Bernardo’s client portal, emX offers you a complete personal financial management website. It keeps your various banking, investment, and insurance accounts updated and organized, lets you manage your budgets and spending, and even helps us chart a path for your long-term-planning goals — all in one convenient online/mobile experience. Contact us to sign up.

READ MORE

Contact Us

267.500.1080

contact@bernardowealthplanning.com

Get Directions

272 Ruth Road // Harleysville, PA 19438

Connect With Us

Bernardo Wealth Planning LLC BBB Business Review

This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Bernardo Wealth Planning recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. © 2016 Bernardo Wealth Planning

Legal Disclosure

contact@bernardowealthplanning.com | 267-500-1080 | 272 Ruth Road, Harleysville, PA 19438