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Market Update: 03-23-20

Jerris Wealth Management Group LPL Research Weekly Market Update

KEY WEEK FOR THE BOTTOMING PROCESS

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

Last week, we revised our economic and market forecasts as the war against the COVID-19 pandemic wages on. We are likely in recession now, though we won’t know that for sure until more timely data is released. What is clear, however, is stocks have priced in a recession. We offer our latest thoughts on the bottoming process and take a deeper dive into our updated economic and market forecasts.

Market Update: 03-17-20

Jerris Wealth Management Group LPL Research Weekly Market Update

ROAD TO RECOVERY PLAYBOOK

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

After recording two double-digit drops in equity prices over the last three trading days, the global pandemic of COVID-19 has sent world equity markets into bear market territory. The result is a cumulative 30% drop in the S&P 500 Index in just under 30 days. Though daunting, once the market finds a bottom, which is where the index begins to consistently move higher than the previous market low—and we believe it is “when” not “if” the market finds a bottom—it may provide an attractive opportunity for long-term investors to consider adding risk to portfolios.

Market Update: 03-16-20

Jerris Wealth Management Group LPL Research Weekly Market Update

BULL MARKET COMES TO AN END

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

The longest bull market ever ended this week as the COVID‐19 (coronavirus) outbreak continued to spread and containment efforts further disrupted the US and global economies. US stocks fell 27% from the February 19 closing high through the March 12 closing low, based on the S&P 500 Index, marking the fastest 20% decline from a record high in history. US stocks were down between 8% and 10% for the week despite Friday’s rally amid optimism around additional response from policymakers in addition to aggressive actions from global central banks.

Market Update: 03-09-20

Jerris Wealth Management Group LPL Research Weekly Market Update

THE BULL TURNS 11

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

As the coronavirus continues to scare global markets, it would be easy forget that the current bull market started 11 years ago today. Based on investing fundamentals, we continue to believe we’ll see a resumption of economic growth and a continuation of this bull market into at least 2021, but worries are building. We highlight three reasons this bull market is alive and well, and three reasons it could be on borrowed time.

Market Update: 03-02-20

Jerris Wealth Management Group LPL Research Weekly Market Update

CORONAVIRUS FEARS INTENSIFY

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

Stocks just suffered their worst week since the global financial crisis on coronavirus outbreak fears. Last week’s 11.5% drop in the S&P 500 Index brought the index into correction territory. We provide context for the sell‐off and discuss potential U.S. and global economic impacts of the outbreak, although this situation remains fluid, very uncertain, and even a bit scary.

Market Update: 02-24-20

Jerris Wealth Management Group LPL Research Weekly Market Update

CORPORATE AMERICA IMPRESSES

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

Corporate America impressed us this earnings season. Though S&P 500 Index companies have generated only 1–2% earnings growth compared with the year-ago quarter, we consider this an excellent result given the challenges companies faced in late 2019. The challenges have not let up in 2020, however, with significant disruptions for U.S. companies operating in China due to the coronavirus outbreak.

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Susan Jerris

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Jerris

LPL Registered Principal 
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Anthony Roble

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Roble

LPL Registered Administrative Assistant
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CA Insurance License #0K61923
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Diana Esperon

Diana
Esperon

Administrative Assistant
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