As the Coronavirus spread creating various degrees of lockdown from state to state, we have come to appreciate our diversity and adaptability as a nation. The U.S. epicenter is in NYC and Northern New Jersey. Our hearts go out to all who are suffering.

U.S. stocks closed out Q1 with their worst performance since the depths of the 2008-2009 financial crisis.

Now that the holidays are wrapped up and your new year is in full swing, we wanted to provide you with a recap of 2019 and a preview of 2020 from our Investment Committee. For those who are receiving an update from Crown for the first time, please know that we are honored by your trust and look forward to helping you achieve your financial goals in 2020 and beyond.

I’m not sure how you all are feeling, but it seems like 2019 is flying by. We have already reached the midpoint of summer and we hope all your vacations, BBQs and family celebrations are going well. While we will always encourage our clients to stay informed about the financial markets, it’s important to remember that our philosophy is to utilize goals-based investing so that our clients achieve the objectives identified in the financial planning process.

Over the past week we have seen an increase in volatility in the stock market and you may begin to see more reports in the media about prices going down. This update will give you a brief overview of current events and help you understand that this type of movement in the markets is normal.