Due to the COVID-19 (coronavirus) outbreak, and to protect our staff, their families and the public, United Church Funds’ New York City offices are closed until further notice. During this time, all operations including Client Services continue as normal, and email and phones will be monitored by staff, working remotely, during regular business hours (9:00 a.m. – 4:30 p.m., EDT)
Why has the market moved so dramatically in the last three weeks? COVID-19 is the trigger, and investor sentiment has shifted quickly from the complacency of viewing the virus as a contained problem in China to fears of a worldwide pandemic. Read the rest of the latest market commentary by David Klassen, Chief Investment Strategist, and Lan Cai, Deputy Chief Investment Strategist.
With the Dow Jones Industrial Average, the S&P 500 index, and other global equity markets having sold off after a strong January, the following is our perspective on the sudden return of volatility to the markets provided by our Chief Investment Strategist David A. Klassen.