Analyzing Fear, Hope, and the Stock Market

Every recession is different. The feeling people have of being overwhelmed by the circumstances surrounding the situation is the same. We know that there will be a vaccine to Covid-19 and the economy will recover. America is resilient. In this ColoradoBiz Magazine article, Kevin McNab explores fear, hope, and the markets in the age of Coronavirus.

As 2020 began, Americans were riding a wave of confidence with record-low unemployment and stock market highs.  A new year brings a new start, hope and goals. America was humming along with businesses thriving, kids going to practices, cranes in the sky and a feeling that even better days lie ahead.

It was well into February when politicians and the media started to report on a virus impacting China and spreading throughout the world. Even at this point, concern was low. But by mid-March, Covid-19 ripped through America, markets dropped, and jobs were lost as fear gripped our country. Today, uncertainty and anxiety are running high. As author Emma Stone said, “Life is like the river, sometimes it sweeps you gently along and sometimes the rapids come out of nowhere.”…READ MORE!

Kevin McNab

This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.