An Update on Your Portfolio
We hope this email finds you well in spite of the unusual circumstances we find ourselves in as a nation.
Over the past weekend it became clear to us that it is likely that we will experience a shock to economic activity over the next few months as a result of the response our nation is taking to the COVID-19 pandemic. We believe it is likely we will experience an economic recession over the next six months, and the stock market is likely to decline even further than it already has.
As a result, we have made some significant changes to your portfolio. Today we raised cash with a portion of our client portfolios. This is a temporary move, and we have plans to redeploy this cash during a more attractive environment.
Please watch the following video (6.5 minutes) from our Chief Investment Officer, Adam Zuercher, for more insight into our views for the economy and the changes we have made.
Hixon Zuercher Capital Management - March 16, 2020 Client Update...We have raised some cash. — Watch Video
Our team is here to serve you during these times. If you have questions or concerns please don't hesitate to reach out to us. Our Wealth Advisors are standing by to discuss your situation and investment objectives.