Days of COVID-19

Quote of the Week

“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’” – Fred Rodgers

Technical Corner

Wow again. The prior week I thought we had seen it all. Not so. On Tuesday, I thought it looked like 1987. Two days later we had the worst day since 1987, Then yesterday we had the worst day in the history of the market, down over 12%. Guess what, we haven’t participated in the decline this year. I credit, our macro investment advisory service for our performance.

Events are moving really fast. The Fed just hit the panic button again. Fed Chair Powell just cut rates to 0% and added $700 billion in Quantitative Easing On that news the stock market crashed yesterday. The economy is slowing. Investors are panicking.

Next month, companies are legally forced to provide us color on first quarter 2020 operations. We think they will be aggressive in taking down 2020 Earnings per Share estimates and total employment alongside it.

The Federal Reserve now risks being perceived as running out of bullets, just as the U.S. and global economies are heading into the eye of the storm.

Monday night, the Fed opted for its 2nd panic rate cut in less than a month since the U.S. stock market made an ALL-TIME-HIGH.

We are conservatively positioned in the portfolios so we can ride out the coming storm and if interest rates fall our portfolio should do well. I don’t want to predict the future, but I don’t see how things could get better and I think they will get much worse.

Sue’s Thoughts

The Coronavirus is a frightening reality many of us face right now.  After traveling overseas and returning last week, my husband and I have self-quarantined ourselves in effort to protect the community. So far, we feel fine. Our daughter shopped for us and delivered groceries to our doorstep in her effort to help.

Our daughter isn’t the only one who wants people to stay home.  The Motor Vehicle Department does, too!

Avoid the MVD: Explore more than 30 online services at

Based on guidance from the Centers for Disease Control and Prevention and Arizona Department of Health Services, residents needing to conduct business with the Arizona Department of Transportation Motor Vehicle Division are encouraged to explore more than 30 available online services instead of office visits., the state’s official online portal for MVD services, can quickly and easily perform most common vehicle-related transactions, including registration renewals. By setting up an account at AZMVDNow through, users can take learner’s permit tests at home, conduct vehicle title transactions and receive a range of other services.

The goal during this time is to limit customer traffic at MVD offices to prioritize those who need to conduct business that’s not available online, such as driver license renewals or applications.

“Every day, the goal of the Motor Vehicle Division is to get Arizona residents out of line and safely on the road. That goal is now more important than ever,” said Eric Jorgensen, director of the Motor Vehicle Division. “Customers needing to conduct routine transactions that are available online are urged to do so through, helping to reduce lines at MVD offices and support safer environments for those who must visit our offices.”

Two-thirds of MVD services are available online, yet many of the nearly 12,000 daily customers statewide visit offices to process transactions that could be accomplished through Transitioning customers to online services remains a top priority for ADOT. For those who must visit an MVD office, however, rest assured that the department is taking all precautions, including using professional cleaning services throughout the day, keeping ill employees at home with paid leave, and ensuring all offices are stocked with cleaning supplies.

Online services include:

Replacement Driver License or Identification Card 
Address/Email Change
Driver License Reinstatement
Motor Vehicle Record
Vehicle Registration Renewal
Aircraft Registration Renewal
Commercial Vehicle Permits
Duplicate Vehicle Registration
Restricted Use 3-Day Permit
30-Day General Use Permit
Emissions/Registration Check
Fleet Registration Renewal
De-Insured Certificate
Insurance Update and Vehicle Reinstatement
Insurance Verification
Lien Motor Vehicle Inquiry
Off-Highway Vehicle Decal
Permanent Placard Renewal
Personalized/Special Plates
Plate Credit
Plate Refund
Registration-Compliance ­Violator
Sold Notice
Tab Replacement
Vehicle Fee Recap

If you have friends or family in need of financial life planning services,

It would be the honor of Laurence Lof Financial Advisors to assist them.

We value your referrals!

These are Larry Lof’s opinions and not necessarily those of Cambridge, are for informational purposes only and should not be construed or acted upon as individualized investment advice. Past performance is not indicative of future results. Due to our compliance review process, delayed dissemination of this commentary occurs.

The S&P 500 index of stocks compiled by Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. The Index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. Indices mentioned are unmanaged and cannot be invested into directly.

Technical analysis represents an observation of past performance and trend, and past performance and trend are no guarantee of future performance, price, or trend. The price movements within capital markets cannot be guaranteed and always remain uncertain. The allocation discussed herein is not designed based on the individual needs of any one specific client or investor. In other words, it is not a customized strategy designed on the specific financial circumstances of the client. Please consult an advisor to discuss your individual situation before making any investments decision. Investing in securities involves risk of loss. Further, depending on the different types of investments, there may be varying degrees of risk including loss of original principal.

Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Laurence Lof Financial Advisors, LLC are not affiliated. Laurence Lof Financial Advisors 4757 E Camp Lowell Drive Tucson AZ 85712

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State Disclosure: Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SPIC. Investment advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Lof Laurence Lof Financial Advisors, LLC are not affiliated. Investment products and services available only to residents of: Arizona (AZ), California (CA), Colorado (CO), Florida (FL), Idaho (ID), Indiana (IN), Michigan (MI), Massachusetts (MA), Minnesota (MN), Montana (MT), North Carolina (NC), North Dakota (ND), New Mexico (NM), Oregon (OR), Ohio (OH), Pennsylvania (PA), Texas (TX), Virginia (VA), Wisconsin (Wl), Wyoming (WY). We are licensed to sell insurance products in the following states of: Arizona (AZ), California (CA), Colorado (CO), Florida (FL), Idaho (ID), Indiana (IN), Michigan (MI), Montana (MT), North Dakota (ND), New Mexico (NM), Oregon (OR), Pennsylvania (PA), Virginia (VA), Wisconsin (Wl).
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