Broker Check

Mosaic Weekly Article 7/2/2020

July 02, 2020

Happy 4th of July! Our Mosaic team would like to wish you and your families a wonderful and safe holiday.  Our office will be closed on Friday, July 3rd, in observance of the Holiday and we also will enjoy a long weekend ourselves.

I recently read a well-known quote somewhere on “social media” this week: “Hindsight is 20/20”.  How true indeed!  What an interesting first 6 months we have experienced.  What will we have learned from all of this?  Will we have our typical short-term memory and just continue-on as the dust settles?  Or, will we have walked away with a new and better knowledge base, a clearer vision for our future, and a more purposeful sense in our daily lives? Only time will tell. We will remember “2020” for certain!

One thing that is always constant is change.  It seems as though our weekly “theme”, or set of “worries”, is an ever-evolving state of chaos.  Last week we had a rise in the number of new Covid cases, and the continued political unrest with a general sense of global concern.  This week, we got more positive news of vaccine data from Pfizer, a significant rise in the number of jobs being added, and an unemployment rate that is beginning to come back down.  What a difference a week can make!  It is important to keep all of this in perspective. It is easy to be taken in by all of the headlines.  They surround us minute by minute. Our role is to sift through the noise and keep you on your financial path.  The markets, for now, are finding some footing and the economy, despite what you might read or hear, is slowly recovering.  Of course, we will experience “hiccups”, but the hope is these will be minor and temporary.

In the meantime, enjoy the sun, fresh air, family time and possibly even a BBQ!  But remember to stay safe.  Have a wonderful holiday!

Your local Towson Financial Advisors