Posts by Scott Sarber, President | Sr. Wealth Advisor
Our 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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