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We are in a rolling economic crisis right now, subject to the vagaries of the advance or retreat of the COVID-19 virus.  It is an ever-changing scenario with stark winners and losers.
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\nThe economy contracted at an annualized rate of 32.9% in the second quarter, the sharpest decline in the 70 plus years of GDP tracking.
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\nAfter several weeks of improvement, jobless claims for first-time unemployment benefits rose for the second week in a row. 17 million Americans are now collecting unemployment benefits.
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\nSo far, the markets have been betting on COVID\u2019s retreat and global economic recovery with big tech leading the way.
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\nHow to handle these extremes as investors?
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\nAs we have so many times in the past, on this week\u2019s WEALTHTRACK we are calling upon a veteran investor to give us perspective and investment advice.  https://www.youtube.com/playlist?list=PLznI5J0QOR3ONLK1lo5WTgjA5c3hAGHAt
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\nWe\u2019ll hear from great investor Hersh Cohen, Co-Chief Investment Officer of Clearbridge Investments. With more than 50 years of managing money under his belt, Cohen edged out the S&P 500 with much less risk and volatility than the market.

WEALTHTRACK #1705 originally broadcast on July 31, 2020

More info: https://wealthtrack.com/crisis-investing-with-veteran-portfolio-manager-hersh-cohen/

"Hersh's Dividend Compounders" list is available here: https://bit.ly/39HSrrl