No One Could Predict How Advisors And Their Clients Would React To The Recent Market Sell Off
Early on, the COVID-19 pandemic had a sharp impact on the stock and bond markets, and, in turn, advisor and investor decision making. The following analysis includes key insights related to how advisors and their clients specifically reacted to the sudden market sell-off when the pandemic first hit the United States. In past sell-offs, advisors were largely reactionary, with a short-term focus. This time was different.