Life after lockdown; how to restart the economy

Independent wealth management advisor Josh Smith of Strategic Wealth Designers says the economy doesn’t need another factor to make it jumpy. He says the current situation is going to have a lasting impact on how Americans view the pandemic going forward.

This past week some states have begun to announce a full re-opening with no restrictions in place. Fiduciary financial planner Josh Smith of Strategic Wealth Designers says to expect a domino effect of other states following suit in the next month or so.

September has been on a very rocky course as investors are concerned a March repeat could be ahead.

2020 has been a difficult year for millions across the country. Many have found themselves out of work with little to fall back on. Creating an emergency fund is imperative regardless of good or bad times.

July and August saw strong growth in the stock market even while the economic recovery has been slow. September has opened with the market pulling back off highs as investors gauge the ongoing struggles in the economy.

There’s been unprecedented demand for new mortgages and refinancing of homes in the United States despite the pandemic in 2020.

No matter what the stock market is doing, a financial portfolio must be positioned according to each individual investor’s situation.

As the coronavirus drags on, the commercial real estate industry continues to experience a seismic shift in demand.

The stock market fell by 34% in less than a month from the middle of February into early March. Just as quick, the stock market saw the fastest 20-day rise in the entire 100-year history of trading.