Entries by Legacy Wealth

The Calm Before the Storm?

Is the Storm upon us? In mid March we sent out a market commentary with our analysis of the market situation at the time, and our outlook going forward. The biggest story at the time was obviously the Covid-19 situation, but there were a couple of other factors at play, such as profit taking and the ‘oil war’. We had anticipated that there would be some continued downward pressure in the 2nd quarter, which there has been, and anticipated that things would start to look more positive in the 3rd and 4th quarter.