In a recent article, First Trust’s Brian Wesbury presented, “Not since the 1960s and 70s has the United States experienced social upheaval like it is experiencing today. We have protests (both peaceful and otherwise), and a massively divided political landscape. On top of that, we have a virus that is spreading across the country, creating fear and an acceptance of economic shutdowns.”
It was early March when we watched COVID-19 infect more and more people in the US. By April, help had been deployed (stimulus checks and the CARES Act). Many of the places we enjoyed have had to temporarily close. The forced isolation was (and still is) challenging for everyone, yet, we’ve all proven to be more flexible than we ever imagined we could. We’ve been video conferencing with clients more often, we helped/watched our children finish school online, and found new ways to stay connected and entertained. In early June, the stock market rallied and small businesses started to anticipate better times. Even with the bouts of volatility, the second quarter was named “The Best Quarter Since 1998” by LPL Research.
We hope you continue to look for the positives and we’ll be exploring financial opportunities for your money. The July 4th holiday is always a reminder of how lucky we are to live in this great country. History has shown us that better times will come. Meanwhile, it is our mission to change your financial lives for the better. From everyone at TVAMP, we hope you have a wonderful summer, stay safe and if you have any questions or concerns, contact us.