Posts by Scott Sarber, CEO | Sr. Wealth Advisor
Market Commentary: Third Quarter
Global markets have continued to recover from the COVID-19 Pandemic. Large companies represented by the S&P 500 Index have continued to outperform almost everything else and gained 8.93% for the quarter, and are up 5.57% YTD. Small companies represented by the Russell 2000 increased 4.93% for the quarter, but are still down 8.7% YTD. International stocks represented…
Read MoreFrom the Desk of CEO Scott Sarber
2020 is shaping up to be a very interesting year. Everything was fine until we found ourselves in a global pandemic. Then, everything changed very quickly. During the last week of February and first weeks of March, we were busy coming up with solutions for our team to work remotely. We had experimented with remote working before, and…
Read MoreMarket Commentary: Second Quarter
Global markets, which were under significant pressure as COVID-19 spread across the globe, have made a strong recovery from their lows. Large companies represented by the S&P 500 Index gained 20.5% for the quarter, and -3.08% YTD. Small companies represented by the Russell 2000 increased 25.4% for the quarter, and -12.9% YTD. International stocks represented by…
Read MoreA Message from Our President & CEO
During this challenging time, we are constantly aware of today’s anxious and uncertain environment. In this video, Scott Sarber, President & CEO, discusses his hopeful outlook for the future and highlights key initiatives that our firm is taking to ensure we are here for you and the people you care about.
Read MoreOur Operational Response to COVID-19
Being Prepared and Proactive is the Petersen Hastings Way We began thinking about COVID-19 a few weeks ago when there was talk about the novel virus and what it might mean to have a national outbreak. Our investment committee and trading department was prepared to rebalance accounts as the markets respond to the news. During…
Read MoreMarket Update – Volatility & Actions We Are Taking for Our Clients
As a valued client, your peace of mind is very important to us. Since our last update, the novel coronavirus (COVID-19) has continued to expand across the U.S. and the rest of the world, with the most U.S. confirmed cases right here in the state of Washington. Considering that, we wanted to share some insight…
Read MoreMarket Update – Coronavirus & Market Declines
As I am writing this, the Center for Disease Control (CDC) warned the Coronavirus (COVID-19) is likely to spread in the U.S. Right now, companies and the analysts that follow them are trying to figure out what the implications of the Coronavirus is going to have on their businesses. Companies producing and selling products in…
Read MoreThe DOW Drops 1,000 Points… Should I Worry?
Well…that’s a first! I have been in the financial industry since 1993, and I’ve never seen the DOW Jones Industrial Average drop over 1,000 points before. Yesterday, it dropped over 1,175 points or about 4.6%. Although it was the largest point drop ever, it was certainly not the largest percentage decline. It was nothing compared…
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