The Financial Answer

Financial planning guidance from West Tennessee’s Nathan O’ Bryant.

Coronavirus Market Update + What’s Next

Posted on March 20th, 2020

We’re all dealing with the affects of the coronavirus to financial markets around the globe and it’s a challenge to keep up with all the news updates. We’ll try to bring all the key pieces of information as Nathan together on this episode as we head into the final week of March. Plus we’ll discuss what could be next and what type of rebound we could see. 

 

Read more and get additional resources: https://wp.me/paIiUZ-eX 

 

Today's rundown: 

2:06- We are doing some in-person meetings but also utilizing technology for virtual meetings.

3:19- Nathan shares an awesome phone call he got this week from a client.

5:55- Despite the rapid market drop, clients have stayed pretty calm through it all so far.

6:33- Selling now is the worst decision you can make.

7:30- Many analysts feel it could be a v-shaped or u-shaped rebound.

9:18- How does the bucket strategy fit into planning right now?

13:45- Nathan tells the story of his friend flying into Nashville this week.

14:55- How do we move forward from this?

16:37- Are they closing in on a cure?

19:35- Nathan says he’s never seen a market bounce like we’re witnessing now.

21:01- It’s so important to have a plan now and moving forward.

22:56 - Are we in a recession?

26:28 - One thing that hasn’t change is companies are still driving to make a profit.

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