A quick shout out to everyone to let you know we are thinking about you and we are diligently working to understand the best ways to safely navigate you through the changing landscape of economic, political, market and health news. We are being pragmatic in our approach – we want to research and understand the facts and avoid letting our emotions dictate our assessment of the right next steps. And for many of our clients, the right next step is to not make a step but to stay aligned with the long-term plan and trust the markets will return what has historically been a favorable outcome.
WORKING TOGETHER TO SOLVE THE VIRUS
Our research is leading us to believe that before the economy can gain solid footing and before the markets can find a tailwind, we need to see clear improvement on how this virus is impacting our local, national and international populations. The virus problem should be solved first. An effective antiviral or vaccine is not likely to make its way to us in the next few months. The virus can only be spread person-to-person.
We have it in our power to help reduce the spread of this virus and we believe this is the critical first step in getting our businesses, economy and markets back to normal.
We ALL need to take personal action to reduce transmission, illness and deaths, as well as social and economic impacts to our lives. We have a responsibility to ourselves, our families and our communities to limit the effect of COVID-19. If we do all that we can do, to the best of our ability, we can make a difference.
- Wash your hands often with soap and water for at least 20 seconds. If soap and water are not available, use an alcohol-based hand sanitizer.
- Avoid touching your eyes, nose, and mouth with hands
- Cover your cough or sneeze with a tissue, then throw the tissue in the trash
- Avoid close contact with people, especially anyone who may be sick
- No large groups/gathering
CLEAN AND DISINFECT frequently touched objects and surfaces in your home, workplace and anywhere else you spend time. As more people become sick – carefully caring for sick people and staying well while staying home with sick family members is important to minimize spreading the virus, serious illness, excessive burden on hospitals and death.
IF YOU, OR A FAMILY MEMBER ARE SICK, STAY HOME Limit interaction with others to the maximum extent possible.
INDIVIDUALS WHO ARE EXPERIENCING SYMPTOMS (fever, cough, shortness of breath, breathing difficulties) should call their healthcare provider to discuss and decide possible follow-up actions.
SICK FAMILY MEMBER Isolate the sick person in the home to one room or area and one bathroom. If that is not possible, have only one person in the home help take care of the ill person, and clean and disinfect “common touch areas” (door knobs, faucets, etc.) often.
Link to: CDC Guidance for When Sick or Caring for Someone Sick https://www.cdc.gov/coronavirus/2019-ncov/if-you-are-sick/index.html
You may have seen this 5 minute video https://www.youtube.com/watch?v=kIL5m5XznNY with Dr. Peter Lin of Toronto Canada who offers a clear explanation of virus from family medical perspective that offers facts that we found very helpful.
In the last few weeks, we have experienced unprecedented moves in bond yields and equity prices. Headlines are also summarizing accommodative Federal Reserve policy and promised stimulus from Congress. Please note we do anticipate providing additional communication regarding the markets and economy.
Please feel free to reach out to us via call 203-743-0131 or email.
Links and Sources:
Centers for Disease Control and Prevention: https://www.cdc.gov/coronavirus/2019-ncov/index.html
Johns Hopkins University: https://releases.jhu.edu/category/academic-disciplines/public-health/
Newtown CT Health District: https://www.newtown-ct.gov/covid-19-information-newtown-residents
Matson Financial Advisors, Inc
Financial Planning * Employee Benefits * Wealth Management
4 Mountain View Terrace Suite 104
Danbury, CT 06810
Phone: 203-743-0131 x211
Annual income twenty pounds, annual expenditures nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds out and six, result misery. -Charles Dickens
One measure of leadership is the caliber of the people who choose to follow you. -Dennis Peer
Management is doing things right; leadership is doing the right things. -Peter Drucker
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