An Up Market in a Down Economy?

Just a month or so ago, oil was trading around zero, the quarantine orders were in full effect, and since that time we’ve seen more bankruptcies and stress in the economy — especially with small businesses. Yet the market has seen gains from its lows, and now stands fewer than 10 percentage points behind where it was when all of this began. Why is that?

In this week’s edition of Lucia Capital Group Weekly, Ray Lucia Jr. speaks with Lance Helfert, portfolio manager and Senior Vice President of Lucia Wealth Services, about what’s going on with stocks and the market in general. They also discuss interest rates, and why ignoring the noise and simply focusing on what is actually observable may be one of the biggest keys to successful investing.

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Raymond J. Lucia Jr. is chairman of Lucia Capital Group (LCG), a registered investment advisor and CEO of its affiliated broker-dealer, Lucia Securities, LLC (LSL), member FINRA/SIPC. WCAM Private Client Management is a separate division of LCG, Lance Helfert is an associated person with Lucia Securities. Registration with the SEC does not imply a certain level of skill or training.

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