The Lowry Letter®

Week of 7/2/2020

We wish you a Happy Independence Day and hope that you enjoy a safe and peaceful holiday weekend!

Many of you will have received a document called Form CRS in the mail. It does not require any action, but is an explanation of the relationship you have with us and with Commonwealth, who helps to service investment accounts and oversee our activities. We will share a little more about Form CRS next week.

We learned: that American presidents have been sensitive to slights for centuries. A French scientist once wrote that the Americas were lacking in large and powerful animals and that the animals of Europe were far superior. These remarks so incensed Thomas Jefferson that he dispatched twenty soldiers to the New Hampshire woods to find a bull moose for Buffon as proof of the "stature and majesty of American quadrupeds". Buffon later admitted his error.

We think : the story of Robert Smalls is a great piece of American History and deserves to be more widely-known. While enslaved in South Carolina and forced to work on a Confederate boat, Smalls organized the theft of the vessel and the escape of his family. He presented the Planter to a Union blockade and was later placed in command of the boat. He as later elected to the United States Congress and lived a fascinating life .

We read: that Wendell Scott was the first black NASCAR driver to win at the top level. He began racing in 1953 and won the Jacksonville 200 in 1963. NASCAR created a fake “scoring error” out of fear that fans would reject a black man winning and standing on the podium with a white trophy girl. The error was “corrected” hours later after the fans left and Scott was declared the winner. Scott was inducted to the Hall of Fame in 2015.

We've been: grateful for the proximity of wonderful springs, rivers, and state parks in proximity to Gainesville. While the United States does not have a monopoly on such places, the first national park in the world was Yellowstone, designated as such by Pres. Ulysses S. Grant in 1872.
What is your favorite national or state park?

Q: Why has the market recovered so quickly? There is still so much uncertainty in the economy.

A: It does appear that the market has disconnected from the pandemic. The capital markets are often leading indicators, meaning that they will recognize economic changes and reflect them. Based on this, it seems the market anticipates economies remaining open and economic recovery continuing.

The improvement will take time and may not move in a straight line, but we do believe that a trend toward economic recovery is sustainable.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.