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Do You Have A Long-Term Plan If The Coronavirus Bear Market Continues?

The stock market has been very unstable and unpredictable since the beginning o the pandemic with corona virus. It’s often hard to predict, but that doesn’t mean that you can’t get prepared for what may be to come. The stock market is the lowest it’s ever been since February. In February the stock market was at its peak for the year, and now the stock market has come up some but is still low. You will want to keep your portfolio updated.

Key Takeaways:

  • Though stocks fell signifigantly in March, then recovered quite a bit by April 30th, they have been running in place during all of May.
  • Through stimulus packages and hopes of recovery from the coronavirus, it looks like stocks are trying to recover.
  • It may be best to diversify your market portfolio to a higher amount being those stocks that are protected against a volatile market and short term securities.

“It’s hard to tell. Despite the recent recovery in the market, stocks remain down by more than 12% from the February peak, and about 9% year-to-date. Meanwhile, the story for the first three weeks of May has been one of running in place.”

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