Financial markets have been roiled recently amid fears over the impact of the fast-spreading coronavirus. These near-term disruptions to economic activity are the result of efforts to contain it. We see a downshift in 2020 global growth, with uncertainty around the size and pace of the slowdown. While there are always unplanned risks, we do expect a rebound in activity once the disruptions dissipate and don’t see it derailing the U.S. expansion at this time. For more information about how Houghton Financial Partners can help your financial management during these times contact us today!
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“The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.”
— Warren Buffett