Hightower Podcast: Collective Wisdom

Long-time HighTower money manager Andy Morse of Morse, Towey and White Group in New York acknowledges that the market's response around the coronavirus pandemic is unlike anything he's seen in his long career, but he notes that it resembles past events enough for him to know that calm and patience and adhering to strategies pursued before real trouble started will pay off in the end. He notes that the market's big gains in 2019 triggered the purchase of hedges and fixed-income that have already softened the blow, and that time will leave investors ultimately talking about the future recovery as much as the current downturn.