Market Update | April 5, 2020

Emotion, which is suffering, ceases to be suffering as soon as we form a clear and precise picture of it.
– Viktor E. Frankl, A Man’s Search for Meaning

Last week was a tough one for me, as I am sure it was for many others a well. In my home state of Michigan we are going on two weeks of mandatory lockdown. I have had a front row seat to watch the wreck of the century—and I feel powerless to do anything. As friends, family, and clients have been closing their businesses, laying off employees, losing their jobs, worrying about their future, at the same time we are prevented from gathering together in places of worship, communities, or homes to support one another.

In just a few short (long) weeks the U.S. is almost unrecognizable from how it was a month ago.

Consider the following:

  • It is now illegal to attempt to go to church in most states.
  • Schools have been closed and spring and summer sports are canceled.
  • Gatherings of any size outside of immediate family are forbidden in most States.
  • You’re not supposed to leave your house except for trips to the grocery store, doctors office, or to perform work that is “essential to sustain life.”
  • 10 million Americans lost their jobs, 16+ million are now unemployed and it is likely to get worse before it gets better.

This has been an emotionally trying week. Now the question is what do we do? How should we respond to this?

We need to recognise that our emotions are in fact suffering. The emotions that overtake us as we are confronted with news headlines that paint bleak pictures, conversations with friends of family who have been laid off, the look on your employee’s face when you had to tell them they were being laid off, the worry that tomorrow is going to be worse than today, and perhaps the most powerful fear that we are not going to be able to provide the life we want for those we care the most forread full market update here