For all of us, this is not only an uncertain time, but also unsettling. A strong sense of collective responsibility and action from our markets and Government is key to navigating this well. We are continuing to monitor this on your behalf.

The worst one day decline in U.S. stocks since December of 2008 shook financial markets yesterday.

Fears about the continued spread of the coronavirus rolled the equity market to negative yesterday, erasing the year to date gains across the board.

U.S. equities broadly posted more gains last week with the S&P 500 and Nasdaq Composite closing at new all-time highs amid strong corporate earnings results, despite continued increases in the number of coronavirus cases in China.

Despite concerns of the global economic blowback from the coronavirus outbreak, U.S. equity markets rallied back last week to post their best weekly returns since June of last year as corporate earnings results and U.S. job growth exceeded expectations and China announced plans to slash tariffs, providing a boost to investor sentiment.