Tuesday, stocks soared yesterday. In a time of instant everything an instant stock market crash and an instant recovery could be expected.
Investors are encouraged by the improvement on opening the economy and improvement in find a solution for the pandemic.
The investor enthusiasm is overlooking the extreme overvaluation of stocks. But that's a story for another time.
Auto plants and Kohl's are re-opening with apparently no issues but a number of small businesses will never re-open.
The catch phrase in the financial world has become 'conflict-free advise'.
In my opinion there is no such thing, The key is for conflicts to be disclosed and the client to decide if you can accept the conflicts. If the advisor is getting paid there is a conflict, if they are not getting paid their business model is terminal.