Market Matters from
Steiner and Granger Insurance
and Financial Services
141 N. Main St., Bluffton
419-358-8566
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• We are likely entering a severe, but perhaps short-lived recession.
• The length of the recession depends largely on fiscal stimulus and containing the COVID-19 outbreak. Federal and state governments are working on such measures.
• Investors may hear comparisons to the Great Depression, but that was a time when monetary and fiscal responses were poorly constructed, and welfare programs that help respond to recessionarypressures did not exist.
• In the last six times the S&P 500 Index dropped 30% from a peak, the index was up, on average, 25% in the next five years, excluding dividends.
• While volatility will persist for some time, it is important for investors with medium- to long-term horizons to remain invested, dollar-cost average, and rebalance as needed.
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