How Have Investors Responded to the Covid-19 Pandemic?
Robert Loss
I help professionals and small business owners keep more of their hard earned money while protecting and growing their nest egg.
There is no doubt that the pandemic has broad public health and economic impacts for millions of people.
From employment taking a hit and emergency funds being tapped to working-age and retirement-age households pivoting financially to deal with the unexpected, the effects have been widely felt.
While a lot has happened in 2020, many people actually expected some sort of reversal in financial markets and economic conditions back in 2019, a survey found earlier this year.
According to Spectrem Group, an investor research firm, one of the biggest fears for investors in 2019 was a market downturn and ensuing economic downturn. While this didn't happen then, the novel coronavirus pandemic brought it about in 2020.
A record-breaking market downturn and economy shutdown sparked fears of a recession. Since then, markets have recovered.
But investors continue to worry about the long-term effects of the recession that has hit the United States and other parts of the globe.