The second quarter of 2020 is unlike any other. We’ve been in the midst of a global pandemic that led to the “stay-at-home” mandates that caused a sharp, deep recession and left nearly 20% of Americans unemployed1. In May and early June, after many thought the curve of new coronavirus cases had been successfully flattened, economic reopening occurred across the country. However, within weeks the virus spread and the US entered the July 4th weekend reporting record numbers. With some progress reportedly being made on several treatments and potential vaccines, many people have started pricing risk assets as if the worst of impact from COVID-19 is over. This was before the onset of what many are calling the “2nd wave” of new coronavirus cases, causing many to question the pace of any economic recovery. With expectations that the Federal Reserve will do “whatever it takes” to support the economy and risk assets investor attention has turned to Congress, as the $600 weekly unemployment benefit has ended. The passage of another fiscal stimulus bill is an uncertainty entering Q3, but one that is increasingly likely. What can you do in the face of uncertainty? 1. Understand and Prepare for Risk Take a hard look at your portfolio, and make sure that you understand your risks for the second half of the year, and into 2021. This volatility we are seeing – and have been seeing since late February, is very likely to