The U.S. Lost 701,000 Jobs in March, Unemployment Up to 4.4%… After two weeks of unemployment claims that topped 10 million, the unemployment rate started to reflect the effects of the economic ...
April 1 2020 – Market Comments
St. Lois Fed Chief Bullard interviewed on Fox Business this AM. Expects this quarter GDP to down by 50% & no “boom” until Q4 with growth returning next year. Unemployment to rise to ...
Week In Review – March 31 2020
Two. Trillion. Dollars.… The Senate approved a $2 Trillion stimulus package to fight the economic effects of the response to SARS-CoV-2, the official name for coronavirus. What it means – We’re ...
Two Invisible Threats
The markets, unlike the news, are comprised of people who are betting actual money on outcomes. And people with actual “skin in the game” tend to be a lot more accurate than those who are paid ...
Week In Review – March 25 2020
Coronavirus, All the Time… The U.S. took steps to mitigate the spread of the virus, mandating that restaurants and other places that people gather close for at least three weeks. What it means – ...
This time IS different!
Is your adviser panicking, yet? Last week was the worst week for the market since October 2018. Bear markets and crisis have no playbook to use from prior events. This time IS different when it ...
Quarantined in 1920 (for perspective)
A letter from F. Scott Fitzgerald, quarantined in 1920 in the Cote d’Azur during the Spanish flu pandemic Dearest Rosemary, It was a limpid dreary day, hung as in a basket from a single dull ...
Special Market Update – March 17 2020
Dear clients, friends, family and subscribers, Wow! In all our years as financial advisors, we have never seen a market like this. Prior bear markets (a decline of 20% or more from the last ...
Week In Review – March 16 2020
Coronavirus Infects Equities, Kills Bull Market… It took 16 trading days from the February 19th record high for the S&P-500 to fall 26%. The 11-year bull market has come to an end. What it ...
Week In Review – March 9 2020
The U.S. Economy Created 273,000 Jobs in February… The unemployment rate dipped to 3.5%, matching a 50-year low. What it means – With the spread of the coronavirus hogging the headlines, anything ...