Investment Review & Commentary 2020 Q1

The following presents a brief description of our Investment Review 2020 Q1 developed in-house by our firm. CLICK HERE to read the full report. Please CONTACT US directly to request a copy of our current Investment Outlook & Strategy Updates.   

Investment Review 2020 Q1 ~ Highlights

Benchmark Performance on Page 1 provides index data for the past time periods QTR, YTD, 1-YR, 5-YRS, and 10-YRS annualized. Sources include Barclays, Morning Star, US Treasury, DJIA, S&P 500, Crude Oil – U.S. Nymex, Gold, U.S. Dollar WSJ Index, and U.S. PCE.

Market Recap on Page 2 covers the jolt the economy took in mid-January when the deadly Coronavirus outbreak in China became public; the mid-February U.S stock market peak just before news of the virus spreading into other countries, and the market corrections on the news and the Federal Reserve actions to stabilize it. Also covered was the $2.3 trillion government stimulus package announcement in mid-March, a market rally and finish to the 1st quarter down nearly 20%.

Market Outlook on pages 3 to 5 the repercussions of a worldwide pandemic on the U.S. and the global economy are covered in great detail, noting that views are dynamic and will evolve as the crises play out.  A realistic barometer, for 10-year stock market returns, reviewed is Robert Shiller’s cyclically adjusted P/E ratio based on a trailing 10-year average. Also covered are the impact of the Fed’s Quantitative Easing and the outlook for Gold and the U.S. Dollar.

Portfolio Update on Page 6, covers Asset Class Model and Fixed Income updates, Portfolio Positioning, and more

To read the comprehensive investment report CLICK HERE.

STANDARD DISCLAIMER 

Disclosure: The Quarterly Investment Review of Parr Financial Solutions, Inc. (PFSI) expresses the views of the firm as of the date indicated.  Our views are subject to change without notice. Past performance is not an indication of future results. This commentary is being made available for educational purposes only.  The information should not be construed as an offering of advisory services or an offer to buy any securities. Certain information concerning economic trends and performance is based on information provided by independent third-party sources.  Parr Financial Solutions, Inc. believes these sources to be reliable, but cannot guarantee the accuracy of this information, or the assumptions on which the information is based. This publication may not be copied, reproduced, republished, or posted in whole or in part without prior written consent.