Vice President Atul Makharia works at Mantei & Associates, a branch of Centaurus Financial, Inc. As a registered representative, Atul Makharia assists his clients with making financial decisions regarding their portfolios.
The market this year opened with optimistic news of a strong economy on the brink of more growth. In January, many predicted growth in the usual sectors including technology, biotechnology, and housing. More importantly, analysts predicted there would be no recession, but the market would be in good shape, experiencing no more than a ten percent correction. Plus, interest rates would not change for the entire year.
Others predicted that, while the economy would be in good shape, it would in no way be able to repeat the gains of last year. In fact, many believed that investors would earn less this year.
However, as the world and the country enter into the latter part of March, the market continues to tumble, rarely making any rallies that would significantly move the economy out of recession territory and prevent this current movement from officially being labeled a stock market crash.
This month saw the worst sell-off, comparable to the one occurring 12 years ago. However, the difference between now and then is that today’s market volatility and drop is not due to poor investment strategies. Instead, at the core of this market collapse is the coronavirus.
In what is now a pandemic, the coronavirus is expected to influence a lot of what happens in the markets because of its impact. Rates have been cut but consumer confidence and monthly job reports can only provide a glimmer of what is to come in the next few months.
Headquartered in Anaheim, California, Centaurus Financial, Inc. is a national independent broker/dealer registered and licensed to offer securities, investment advisory services and insurance products. Centaurus Financial is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Centaurus Financial is also registered as a broker/dealer and a Registered Investment Adviser with the Securities & Exchange Commission (SEC). For more information about Centaurus Financial, please visit www.centaurusfinancial.com.
