The S&P 500 just closed with its second best quarter in 30 years. The rapid rise and recovery of the US stock market over the past 3 months has been thanks in large part to the $1.6 trillion stimulus package from the Federal Reserve and Congress.

The US stock market just wrapped up its best month in 30 years. The global stock market finished with its second best month. If you blinked, there is a good chance that you missed it. Let’s take a moment to put recent market movements into perspective and briefly discuss why the stock market is likely to rebound before the economy does.

In response to the economic environment, we will be releasing a series of letters over the coming weeks that discuss how our office views managing wealth during an uncertain economic environment.

Nearly 3 months after the coronavirus was first reported to the World Health Organization, the virus’s impact has finally been felt by the stock market. Mounting concerns about supply chain disruption and the impact on global growth has led to one of the swiftest declines in stock market history. When it comes to your investments our message is simple – don’t panic.