This just in: CEO Chris Shuba in Financial Planning

Doom and gloom lead the headlines (and sell newspapers) across financial media with coronavirus topping the headlines, with Apple’s earnings warning related to coronavirus supply issues providing a jolt to the markets this week. That all said, we are still well into the green thus far this year, with the S&P 500 up 3.58% and MSCI ACWI up 1.48% year-to-date. Housing investment continues at a steady pace with a solid beat in Housing starts in January. While still off from December’s substantial numbers, January was led by multifamily units and aided by warmer than usual weather and low-interest rates and will likely be positive contributors to Q1 GDP. Morgan Stanley announced they were planning to acquire E*Trade in a $13 billion deal. Following Schwab buying TD, this further consolidates the industry as scale becomes paramount in a world with low-interest rates and commission-free trading.