Investors are settling into the “next normal” and many are watching for signs of a sustained economic recovery. There are some bright spots. June data from The Conference Board suggests that consumer confidence is on the rise. The stock market was up in July by more than 40% from its March lows. But as new COVID-19 cases emerge across the country, investors can expect that prolonged market volatility is here to stay.
Historically, increased market volatility has prompted a flight to quality in which investors seek out safe, stable places to park their money and generate steady returns. With fixed-income investment yields remaining low and the decade-long bull market still fresh in investors’ minds, your clients are likely wondering where to find safe investments. Perhaps annuities have come up and your clients are unsure about whether locking in guaranteed lifetime income now is right for them or whether it might