The deadly attacks in Paris on Friday night have shocked all of us as more than 120 innocent people were savagely murdered.
In times like this, the world stands together. This is an attack not just on Paris, but on the world at large who share universal values such as the preciousness of life, peace, and respect for those who have different beliefs.
While the terrorists may try to scare us, we proved after previous attacks such as 9/11 and the 2005 London bombings that we will carry on and overcome the forces of evil. And we’ll do the same with this latest despicable act. The world will redouble its efforts to stop ISIS from spreading its hate.
We’re now hearing stories about the goodness of humanity during this terror act. Stories about strangers picking up wounded shooting victims in the concert hall and carrying them to safety amid the spraying of bullets. We saw Twitter light up with local Paris citizens opening their homes to strangers who may have been stranded by the night’s events. It’s a story as old as time—good will overcome evil.
How might this affect the financial markets? We may see a short-term negative reaction, but over time, we expect the usual pull of the economy and corporate profits to reassert themselves. CNBC, quoting analysts at JPMorgan said, "As long as the Paris attacks are not the start of a sustained campaign, our judgment is that the macroeconomic consequences will be limited and short-lived."
We just wanted to take a moment with this note and express our solidarity with the citizens of Paris and the world at large who share our values. We are also grateful for you and the trust you place in us to manage your financial situation during world events like this.
If you have any questions or concerns, please reach out to us—we’re happy to discuss whatever is on your mind. On our end, we continue to monitor world developments and we will keep you posted as appropriate.
Emma I Foulkes, CFP®