Navigating Market Volatility
We’ve experienced many tumultuous events in the past 40 years, including 1987’s Black Monday stock market crash, the terrorist attacks of 9/11 and the 2008-09 global financial crisis. Historians will certainly add the COVID-19 pandemic of 2020 to the list of remarkable events that have caused severe market volatility and
prolonged periods of uncertainty. All of these events had varying effects on our economy as well as our daily lives. What they share in common, however, is that we’ve always come through them. They hurt while they were happening, and it took longer to recover from some than others, but our market— and our economy — has always come back stronger and better than ever before. Markets, like people, do not like uncertainty. We cannot predict when market volatility will occur or exactly how long it will last. What we can do is look at history to remind us that we’ve always come through it before, and we will come through it again.
