Today a tragedy hit the Boston Marathon. Like any shock, the stock market, which was swooning plummeted an additional 100 points when the news broke. In addition, gold which is often considered a safe haven continued its recent free fall declining over 9.0% on the day. US Treasuries rallied, taking the spotlight as the safe haven asset, as the yield on the 10 year fell to 1.7%. We would not be surprised if gold rises after this event and US Treasuries continue to rally while the stock market drops, at least at the open.
However, your accounts are conservatively invested to withstand this current downdraft and this is not a time to panic.
Our hearts go out to the injured!
