2020 Mid-Year Market Update

In the recording of my mid-year update presentation, I cover a lot of ground. Topics include the following: - we had the fastest 35% stock market decline in history just this past March - A Global Economic Supply and Demand shock took place with the virus shutdown - This was then met with a Massive US Federal Reserve and Federal Government Response - Stock then had a major bounce (unevenly) - The economy appears to be recovering (also unevenly) - Safe Investments/High Quality US Bonds are now at very low interest rates - Stocks currently appear expensive, given current expected profitability - Meaningful uncertainties remain - The coming months should provide additional clarity on the outstanding uncertainties - Our thought is to remain on the more cautious side for now - Overall, things are currently looking better than feared - As always, we are following the situations closely and acting accordingly as the situation evolves