• Home
  • About
  • Services
  • Contact
  • Media

MARKET UPDATE 6/25/20

Posted June 25, 2020 by Denis Smirnov

As this is being written, the wild ride for the stock market continues, although it is softened by the historically quick recovery from the market bottom of March 23.  The news is filled with updates on COVID cases, social unrest and, in Tucson, a stubborn wildfire.  These issues will take quite a while to be resolved and their impact on the markets could be significant.  (There is more certainty regarding the Fed – rates will be low for the foreseeable future and the Fed will continue buying bonds and injecting funds into markets to maintain liquidity.)

So, as always, we can’t be sure where the stock market will go from here.  We may see continued recovery or a significant pullback as the reality of the current events settles in.  Regardless of which way the market moves, we will continue our consistent and disciplined investment approach and we will not manage client portfolios based on personal opinions or “intuition” about the market.  In other words, it is actually riskier to take bold action in anticipation of market developments; if the last couple months have taught us anything it is that things can turn on a dime.

While our approach remains consistent and rules-based, there are some things that can be reasonably done to take advantage of the market recovery.  Our process involves managing cash positions and periodically rebalancing portfolios based on current market conditions. Currently most portfolios are close to targets and very few require significant adjustments. If the market continues to recover, the portfolios are well-positioned; however, if the market does retest its lows, cash management and rebalancing will reflect those changing conditions.  As always, we feel that clear long-term objectives and a disciplined approach are still the best way to navigate the ups and downs.

Please contact us if you would like to discuss your particular cash needs and portfolio positioning.

Share this:

  • Facebook
  • LinkedIn
  • Twitter
  • Pocket

Sign up to the newsletter

Categories

  • Bear Markets
  • Bonds
  • Economy
  • Education
  • Financial Planning
  • Indexing
  • Investing
  • IPO
  • Retirement
  • Taxes
  • Uncategorized
  • Valuation

Archives

  • February 2021
  • January 2021
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • March 2020
  • February 2020
  • January 2020
  • November 2019
  • October 2019
  • September 2019
  • July 2019
  • May 2019
  • February 2019
  • January 2019
  • December 2018
  • October 2018
  • September 2018
  • July 2018
  • June 2018
  • May 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • October 2013
About
  • Background
  • Who We Are
  • The Gordian Knot
Services
  • Services
  • Planning Process
  • Investment Philosophy
Contact
  • Contact Details
  • Inquiry Form
  • Map
Media
  • Articles
  • Blog
  • Reviews
Dave
Denis
 
 
 
 

Gordian Advisors Financial Planner

Office: 2200 E. River Rd., Suite 109, Tucson, AZ 85718

Phone: 520-615-2779

Email: info@gordianadvisors.com

Download Form Form CRS Client Relationship Summary

Download Form ADV Disclosure Brochure

Gordian Advisors may only transact business or render personalized investment advice in those states where we are registered, or have filed notice, or are otherwise excluded or exempted from registration requirements. Material discussed is meant for general illustration and/or informational purposes only, and is not to be construed as investment advice. Nothing on this web-site should be interpreted to state or imply that past results are an indication of future performance. Although this information has been gathered from sources believed to be reliable, please note that individual situations may vary. Therefore, any information should be relied upon only when coordinated with individual professional advice.