After falling approximately 38.4% from peak to trough1, the DOW seemed to see light at the end of the tunnel and posted its best month since 1987 in April.2 We hope and pray the worst of the pandemic is behind us, but we’d like to take a break from all the horrific happenings in front of us in the daily news, and mention some of the “silver linings” that have come from this pandemic:
We’ve all heard it said things will never really be “back to normal”…that it will be a “new normal”. If we never go back to the “norm” of rushing past the most important relationships in our lives, that will be a positive “new normal.” I’m sure you can think of ways this unique time has benefited you and your family. As always, stay safe, stay the course and let us know if there’s anything else we can do to serve you.
Malcolm
1MarketSmith, March 23, 2020
2LarryAdam, Raymond James, May 4, 2020
3TimeMagazine, April 11, 2020
Any opinions are those of Malcolm Tarver and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Expressions of opinion are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. The Dow Jones Industrial Average (DJIA), commonly known as “The Dow” is an index representing 30 stock of companies maintained and reviewed by the editors of the Wall Street Journal. Past performance is not indicative of future results. There is no assurance these trends will continue or that forecasts mentioned will occur. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Dividends are not guaranteed and must be authorized by the company's board of directors.