April 3, 2020
While economic activity remains at a standstill as most of the US stays home, the CARES Act is providing some short-term relief. However, there is still worry about whether the package is enough to avert steeper declines as investors are now looking for signs of COVID-19 treatments. Uncertainty and fear are the primary drivers of this market volatility.
These last few weeks couldn’t be a better example of how utterly impossible it is to attempt to time the market - trying to sell at the peak and buy at the bottom. No one knows when the tops and bottoms happen until they’ve already happened.