As you are likely aware, there has been some turmoil in the markets, attributable to a handful of banks that appear to have a limited deposit diversification. In essence, these banks worked with customers from a much more concentrated profile than many of the larger banks that Hudson Valley Investment Advisors (HVIA) follows and owns. HVIA does not have any exposure to the banks that are impacted.
This doesn’t appear to be an industry wide problem, and does not reflect the credit issues that occurred in 2008. Additionally, the Federal Reserve has stepped in quite early and is acting to support the Treasuries based collateral that the banking industry utilizes.
If you should have any questions regarding how Hudson Valley Investment Advisors is handling the shifting investment environment, or have concerns about your portfolio, please don’t hesitate to give us a call.
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It is one of the most widely used terms in the midst of the COVID-19 outbreak: social distancing. But what are the numbers behind its theoretical approach to limiting the spread of the disease? Visual Capitalist has put together some infographics to delve into the theory and why it is so crucial to put into practice into each and every one of our individual lives. Take a look below to learn more, or check out the entire post on their website.
