 KRISTEN BELLSTROM: I'm interested in knowing what your clients-- what are their biggest investment concerns right now? And also is that something that's evolved since the beginning of the pandemic, the early days in March? PENNY PENNINGTON: Yeah. Well, investors and our clients are always concerned when the markets get volatile. And they have been volatile. They will continue to be volatile. There's a prediction for you. We've got all kinds of things besetting us in the next few months that will mean volatility. Our clients are also wondering why the stock market seems to be doing so well when evidence about the economy is not quite sanguine. So there is some fabrication in the market there as well. I'll also take it from the standpoint of folks are preparing for retirement and in retirement. We just fielded a new study, one of the largest studies ever done of folks thinking about retirement across five generations. 68 million Americans say that their retirement savings have been negatively impacted by the pandemic. And when you think about how that breaks out about 20 million of those 68 million say that they have stopped saving for retirement altogether. Another about 30 million have said that they have moved their savings [INAUDIBLE] their children who've lost their jobs. And 70% of retirees say they would do that, they would help their children, even if that means upending their own financial plans. So this is going to have a longer lasting effect as people rebuild retirement and frankly, rethink retirement and what it means for them in the future. 

Edward Jones Managing Partner: The markets 'will continue to be volatile’

Penny Pennington gives her economic outlook.

The markets will continue to be volatile

Penny Pennington gives her economic outlook.
