From my window, you’d never know that the world is at war.
Spring is inching forward with daffodils in full blossom, the magnolias about to burst, and that ever so faint hint of green is pervasive on the elms as their tight buds reach for full development.
It’s the sidewalk that gives away the secret. An eerie silence pitted against the stark vibrancy of nature excitedly coming to life, blissfully unaware that in every country across the globe humans are collectively fighting a battle against a pandemic that is making its way into the heart of the United States.
A scary time for those of us separated from our families – a scarier time if you or a loved one are on the front lines in the many hospitals dealing with the overwhelming number of patients flowing in.
As I consider the many challenges we as a city and as a nation have faced, I remind myself that we are a resilient people. The attacks of September 11th, 2001 shook America to its core. As a human tragedy, but also a time of great uncertainty, much like today.
I was working at Tucker Anthony during that time, with my office at 666 Fifth Avenue, listening time and again to the melancholy bagpipe dirges bellowing from funeral services at St. Patrick’s Cathedral. After 9/11 the markets closed for four trading days, then opened the Monday following the disaster. Though the markets dropped over the following months, the American people rallied. Globally, other countries rallied to the aid of the U.S., asking us what they could do to help. We mourned together, then the world came together with us as we rose out of tragedy to rebuild and begin growing again.
Like in 2001, the vast number of us should overcome COVID-19 and rebuild. We are resilient. The economy and the stock markets should recover. This has happened after every crisis I have worked through from the time I first began on Wall Street in 1984. The month following 9/11, a popular tech company released a revolutionary new product and set off on a meteoric rise to the top of the sector today, enchanting us to "think different."
While we work through this public health crisis as a nation, it is important to remember that people who keep a focus on their investment strategy and personal investment policy should be able to recover to a position of strength. They are far less likely to make knee-jerk reactions in a dropping market. There is always a place in investment and portfolio management for when new facts present themselves and plans need to be amended. As we continue through this current period and ultimately emerge from this crisis, we are looking for those next investment opportunities which can help improve the lives of people and our planet. There is good that can come from this, and I am determined to find it.
Across the country, the land awakes and the annual renewal of life and resiliency of nature is even more awe-inspiring than usual. On farms the calves and lambs are being born, welcoming yet another season of life and renewal. Yesterday on the upper west side of Manhattan, the farmers' market was open, beckoning us with the new spring harvest helping to make our Sunday dinner a little more delicious.
May you stay well, stay safe, stay connected with those you love and learn to reimagine your own story telling.
Email Stephanie today to discuss these questions with her!