For almost all Americans, daily life has come to a screeching halt as state governments, businesses and consumers continue to take drastic steps to halt the COVID-19 pandemic. Normally it takes months before economists are sure that the economy has fallen into a recession, but given the scale of the declines we are tracking, it is all but certain the economy is now contracting. The only question is how deep and how long lasting the downturn will be.
South Coast will be hosting a market update webinar with our partners at AssetMark, Thursday, April 23rd at 11:00 am via Zoom Online Meetings. Kezia Samuel, Director of Client Portfolio Management at AssetMark will be joining us to provide commentary on the economic impact of COVID-19 on the US and global economy, how government stimulus is attempting to bridge the gap, what it will take for a sustained rally and market recovery, and how portfolios are currently being positioned at AssetMark.