Investment Commentary

New World Order

By Brian Andrew, Ron Alberts and Jason Herried | Johnson Financial Group • March 06, 2020

1 minute read time

Concerns over slower global economic growth due to the spread of Coronavirus Disease 2019 (COVID-19) have led to a precipitous decline in stock prices and bond yields. Many are relating the stock market decline to the potential severity of an economic slowdown, concluding that a global recession is in the offing.

While it may be too early to make that assumption, Johnson Financial Group’s Brian Andrew, Ron Alberts and Jason Herried discuss our current economic state, including the following considerations:

  • Stock volatility may remain high
  • Interest rates are making record lows
  • Economic growth expected to be slower in Q1 and Q2
  • Consider complementing traditional investments
  • Financial plans and portfolios are designed for this type of environment – stay the course!
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by Brian Andrew

As Chief Investment Officer, Brian Andrew leads Johnson Financial Group's investment strategy to provide consistent, actionable investment solutions for our clients.

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by Ron Alberts

As SVP Director of Fixed Income Strategies Group and Portfolio Manager, Ron manages client portfolios, leads the fixed income team, and is a member of the company's Investment Committee.

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by Jason Herried

As Senior Vice President, Director of Equity Strategy and Wealth Portfolio Manager, Jason develops and builds customized portfolio strategies for our individual, institutional and non–profit clients. This includes investment policy review and development, portfolio construction, manager and security selection and performance reporting. Jason also serves as a member of the firm's Investment Committee and leads the Equity Strategy Group.

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This information is for educational and illustrative purposes only and should not be used or construed as financial advice, an offer to sell, a solicitation, an offer to buy or a recommendation for any security. Opinions expressed herein are as of the date of this report and do not necessarily represent the views of Johnson Financial Group and/or its affiliates. Johnson Financial Group and/or its affiliates may issue reports or have opinions that are inconsistent with this report. Johnson Financial Group and/or its affiliates do not warrant the accuracy or completeness of information contained herein. Such information is subject to change without notice and is not intended to influence your investment decisions. Johnson Financial Group and/or its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your independent legal and tax advisors. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your taxes are prepared. Past performance is no guarantee of future results. All performance data, while deemed obtained from reliable sources, are not guaranteed for accuracy. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate the risk of investment losses. Certain investments, like real estate, equity investments and fixed income securities, carry a certain degree of risk and may not be suitable for all investors. An investor could lose all or a substantial amount of his or her investment. Johnson Financial Group is the parent company of Johnson Bank, Johnson Wealth Inc. and Johnson Insurance Services LLC. NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE