March is coming to an end, so I wanted to reach out to our StrongTower family with an update. February was rough, but March hit us even harder, but with some encouraging signs toward the end. Let’s see where we stand today.
“Shock and Awe”
First, let’s look at what March looks like through the end of 3/26. Market declines often have an initial phase of “shock and awe”. In military terms, shock and awe is when you blitz the enemy heavily with everything you’ve got. The shock and awe of the moment can be demoralizing for the enemy, causing them to retreat or surrender quickly. Well, how have you felt after this initial onslaught of media coverage and market declines? Pretty demoralizing, right? While a shock and awe phase usually comes quickly, this one in particular moved fast. On the flip side, hopefully we this means we can regain some ground with some speed as well. One of the hardest things for investors to do is endure the shock and awe phase of a downturn.