Stocks are plunging as investors are moving towards the safety of government bonds, due to the panic over the coronavirus.
The yield on the 10-year U.S. Treasury note sank to 0.7 percent for the first time.
Even with a strong job report, the direction of the market has been negative.
Many families are shifting their investment strategy to wealth preservation from wealth generation. The entire global economy is struggling and with policy makers having limited tools to work with, most families are becoming more cautious.
On the other hand, with some government intervention and ever rapidly technology advances, there will be unique opportunities.
We have been through virus scares before and we have faced disruptions that have impacted the value of our businesses and investments. Businesses that have been proactive, strategic and prepared properly, have gotten through these events and come out of these challenging periods even stronger and more agile.
Suggestions from the CDC:
Avoid close contact with people who are sick.
Avoid touching your eyes, nose, and mouth.
Stay home when you are sick.
Cover your cough or sneeze with a tissue, then throw the tissue in the trash.
Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or wipe.
Wash your hands often with soap and water for at least 20 seconds, especially after going to the bathroom; before eating; and after blowing your nose, coughing, or sneezing.
If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty.
Please contact Michael Rosenblatt, President of The Quest Organization at 212-971-0033 or via email at email@example.com for more information.