Based on the futures and headlines concerning the coronavirus, it looks like it’s shaping up to be a tough Monday. But remember, we have been through many tough and volatile days before and emotionally panicking is not a strategy.
As of Friday’s close, the S&P 500 is up 3.63% for the month. Looking at pre-market action, as of this writing, the S&P 500 looks set to drop 2.60%, meaning this month is still a positive performing month.
When it comes to sell-offs, they happen, and you need to expect them. Just like the 4th quarter of 2018 when the S&P fell roughly 20% at one point. Just like February 5th of 2018 when the Dow Jones fell 1,175 points, and then 1,032 points on February 8th just a few days later or when the Dow fell 831 points on October 10th of 2018. The point being, we’ve been through this before.
So, what can we do to help us get through these volatile days? Here’s a couple ideas – you know it’s a down big day – no need to watch a scrolling ticker on TV today or you know stocks went down big today – no need to log on to your account just to see how much you lost on paper.
We continue to follow the impact of the coronavirus virus, the economic data, and to look under the hood at different segments of the market for clues as to what is truly going on.
Here are some of the key economic data points to be released this week:
2/25/2020: Consumer Confidence
2/26/2020: New Home Sales
2/27/2020: GDP [Q4 2nd], Durable Goods, Pending Home Sales
2/28/2020: Personal Income, Chicago PMI, University of Michigan Sentiment
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
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We’ve been through this Before
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