This Memorial Day, as we honor the fallen heroes who sacrificed for our country, we also keep all those who have fallen due to coronavirus, and those heroes on the front lines who continue to fight for the living, in our thoughts and hearts.

Investors like labels for the economy and financial markets—many of them with the word “great” in them. The Great Depression. The Great Recession. The Great Lockdown. Well, we’ve moved into what we might call the Great Disconnect. How can stocks have rebounded so strongly in the last month amid so much suffering and economic damage? What’s Wall Street seeing that so many on Main Street are not?

Here at Frye Financial we are celebrating the 305 way, with the churros and hot chocolate tradition in our new reality!

Crude oil crashed, yet stocks held in there last week. In fact, it was one of the best one-month rallies ever, which could actually mean market strength may continue. Learn more from LPL Research here.

COVID-19 travel restrictions and lockdowns have impacted corporate earnings results dramatically.

What a ride 2020 has been for investors. The fastest bear market ever, now one of the steepest recoveries ever. After being down more than 30% for the year on March 23, this recovery is extremely impressive. In fact, before yesterday, over the previous 13 days the S&P 500 had gained nearly 25%, for the best 13-day bounce since July 1938.

These are challenging times, and this week may be the toughest as we wait for COVID-19 to reach its peak in the United States.  As the war against COVID-19 wages on, we continue to be inspired by the tremendous bravery shown by healthcare workers on the front lines.  Other heroes will likely emerge from a lab somewhere with a vaccine in the near future.

Austin A. Frye, JD, MBA, CFP® is featured in a new video on how financial advisors are being supportive to clients with coronavirus (Covid 19) and market fears.  Watch here.

We wanted to reach out and check in on how you are all doing during these stomach-churning times.  We hope you and your families are all safe and your health is not compromised.  Here at Frye, as we continue to monitor the markets, we are also staying abreast of the rapidly changing data and advisories regarding the coronavirus.

Updates on the markets for the first week of February via LPL Research covers: