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Five Things to Know This Week

Five Things to Know This Week

1. Market Update

Where will we go from here? This is a question we ask ourselves on a regular basis, but especially in times of extreme market volatility. The market has experienced a recovery of roughly 35% from the low on March 23rd, but have we come too far too fast? Worldwide, some parts of the economy are gradually starting to open. Gradually being the key word because the process of opening will be difficult for businesses as well as individuals. Business will not resume as usual! Market volatility will likely remain high until there is an effective medical treatment or vaccine for the coronavirus and the signs continue to point to 2021 for this medical breakthrough. The coronavirus has had a profound impact on the markets; however, people are now more focused on sustainability and how everyone’s actions can affect the world. This recognition has opened new windows of opportunities for investors. We have strategically added investments that focus on companies that are driving innovation with emerging technologies (KOMP), cyber security (IHAK) and cloud computing (CLOU). We are also maintaining our core investments in treasuries and adding preferred securities (PGX) because our overall market outlook continues to be proceed with caution.

2. And next up, it’s hurricane season!

NOAA predicted 13 to 19 named storms this Hurricane Season, and two (Arthur & Bertha) decided to come early. Thus, now is the time to make sure your home and you are fully prepared for what appears to be a rough season. First off, please review the attached emergency preparedness list. Then, we recommend that you review your homeowner’s insurance policy for all hurricane, flood, and wind coverages, particularly your sump pump rider (if you have an active sump pump in your basement). You may want to call your insurance company to review these coverages if you are unsure. While on the phone, have them check your Umbrella Liability coverage to make sure you are covered in case one of your trees visits a neighbor’s home. Otherwise, batten down the hatches and stay safe, my friends. At least, we all have enough toilet paper for every unplanned Armageddon!

3. Update on mortgage refinance

As we expected, the mortgage refinance rate for a 30-year fixed, no point loan is finally down to 2.875%. We expect it can fall further, but if you considered refinancing your loan, please contact us.

4. Web access

Have you logged on to your 1NWS Client Portal yet? In addition to accessing your Quarterly Performance Reports, you can run your own reports on demand and view portfolio holdings, position allocations, and 1NWS-exclusive newsletters. To log in, please visit . If you need to reset your credentials, please contact our office. Looking for monthly account statements, tax documents, and real-time account activity? Please visit for Schwab accounts or for TD accounts.

5. Reopening the country

It has been more than two months since social distancing measures began in the U.S. to help prevent the spread of the coronavirus. Currently all 50 states are in the process of reopening parts of their economies in phases. To see the status of your state, log onto: We know keeping yourselves and your families healthy and safe while reentering the world is a top priority. Here is a link for the CDC guidelines on daily life and a link to an interactive map from the New York Times to keep you aware of virus hotspots. Although our Annapolis office remains closed, we are only a phone call or an email away and always ready to help you in any way we can.

As always, we are here as a resource for those that you care about and for. If you are worried that your family and/or friends may have been given improper financial guidance or are losing their hard-earned assets, we are available for a free second opinion or guidance to make sure they stay financially safe.

Be well and have a wonderful week!