BlackBear Market Update: 27/04/2020

Blackbear Financial Group > News > News > BlackBear Market Update: 27/04/2020

Our goal at BlackBear during this strange and difficult period is to ensure that we can continue to support every client with as little disruption to client servicing as possible. As a result, we want to take the opportunity to update you on the current situation.

How are the markets?

We want to draw your attention to the fact that the FTSE100 index is up 6.14% over the past thirty days, and the FTSE All Share is up 6.70% over the same time period. Elsewhere, the Dow Jones is up 9.88% since the 27th of March. To a casual observer, it would appear as though investor sentiment has returned to normal and that market prices are beginning to reflect company values – at least in efficient markets like the UK and the US.However, we should reiterate what we always say: nobody can predict the future, and so the trajectory of future market values remains uncertain – especially in the near term. We remain personally optimistic.

BlackBear’s role at this time

As alluded earlier, our role is to continue providing support and to service clients to the best of our ability – ideally with very little disruption.

Social distancing means that face-to-face contact is not safe at this time, and so correspondence will continue to take place by email or telephone as appropriate. Fortunately, as the Bridgewater House building is practically empty, Andy and Chris are in the office most days and have complete access to all tools that they need to support clients.

Ultimately, we are available to contact for support as usual by telephone or email. Should you need our support, please do not hesitate to contact us.

Finally

We want to express our wishes that you all keep safe and well and stay at home. Do not hesitate to contact us for any financial advice and support during this time.

Remain optimistic, patient, and calm.

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