Rock Point Advisors is a wealth advisory firm focused on helping clients make sound financial decisions and take advantage of the benefits of long-term investing. We are dedicated to managing portfolios in the context of plans carefully developed with our clients.
Since our founding in 2004, our financial planning and investment management efforts have been guided by our fiduciary duty to our clients and our belief that doing what’s right matters. We work hard to deliver practical advice and responsible investing to help clients achieve their goals.
Stocks and bonds staged a remarkable recovery in the second quarter, leaving many observers questioning whether markets have lost touch with reality. New Covid cases are surging in some parts of the US that were relatively unaffected during the first phase of the pandemic, pausing and in some cases reversing plans to reopen certain sectors of local economies.
The S&P 500 now stands close to where it began the year – when China had yet to notify the World Health Organization of an outbreak of a pneumonia-like illness and before sheltering at home would freeze the global economy and send financial markets into a tailspin. Life is only beginning to return to normal and the economy is a mess. What, then, has propelled the market’s rapid recovery?
Normal sure seems like a long time ago. As we try to make the best of these difficult circumstances, we are all wondering when life might return to some semblance of normal and when and where the market will find its footing.