Ease Your Market Fears, 7/17/2020Submitted by Saratoga Financial Services on July 20th, 2020
Until just a few months ago, the US economy had grown for the past decade without any significant decline in economic activity. Unemployment was low, home prices were high, and companies were reporting strong 2020 profit forecasts. As COVID-19 began to spread across the globe, markets were hit with significant volatility over uncertainty in how to contain the virus. Actions taken to combat COVID-19 have forced a sharp decline in economic activity, bringing global economies to a near standstill.