Today was an absolute bloodbath in the financial markets:
- The S&P 500 closed down -7.6%
- The Russell 2000 fell -9.4%
- Oil dropped 25%(!)
Since the highs in February, just 3 shorts weeks ago, the market is now down -19%.
We’re a whisker away from officially entering a “bear market”.
Now, while little surprise to Peak Prosperity readers, the speed and violence of this meltdown have caught the majority of investors flat-footed and woefully unprepared. Now panicked at the magnitude of their sudden losses, they’re starting to scream What the heck is going on??
In the short video below, we check in again with the lead partners of New Harbor Financial, Peak Prosperity’s endorsed financial advisor, to get their seasoned take on the current market action and what they see as most likely to happen from here:
Anyone interested in scheduling a free consultation and portfolio review with Mike and John can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few weeks, we strongly urge you get your financial situation in order in parallel with your physical coronavirus preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.