Business
JR and his co-host Vanessa N. Martinez discuss the market drop that happened this week. We talk about our thoughts on why it’s happening, and what we think we can do to help along the way. Today, we are focusing in on the coronavirus scare and how that fear is driving the market. Moving Markets is your solution for keeping up with the ever-changing financial markets. Navigating the economic landscape by interpreting news and market trends can seem daunting. JR Gondeck, Partner and Managing Director of The Lerner Group at HighTower Advisors, will help you cut through the noise and share his insights and many more. Talking Points: Coronavirus and how that has an effect on the market What to watch for How fear and headlines drive the market What is the market doing now? Thinking of what’s ahead The FED in 2020 Resources/Links: The Lerner Group at Hightower, website Social Media Quotes 01:55 - “Times like this, it is important to just be patient and not overreact too much..” - JR Gondeck 02:14 - “This morning, you saw the big spike to a very high level which, generally, is a sign that the fear is getting close to a short-term bottom. Which tends to be a signal to look for in a turn in the market.” - JR Gondeck 14:11 - “I think that’s why our main focus, when we sit with families, is having to diversify a portfolio, especially in these times that allows some of that comfort, knowing that that income that they’ve asked for, the income that they know they need to live comfortably, is covered, regardless of the ups and downs of the market.” - Vanessa N. Martinez 13:34 - “In times like this, it’s nice to lean towards the cash flow of your portfolio to help fight through times like this.” - JR Gondeck