Last week’s jobs report confirmed what investors and economists already knew: work stoppages around the country due to the coronavirus have led to layoffs, furloughed workers, and a rising unemployment rate. Continue reading
The stock market had its good days this week and its bad days. Unfortunately, the losses on the bad days outweighed the gains on the good days, so it was a losing week overall for the major indices. Continue reading
The unprecedented response to the COVID-19 pandemic has prioritized keeping people apart to slow the spread of the virus. While measures such as business closures and travel restrictions are effective at fighting a pandemic, they also have a dramatic impact on the economy. Continue reading
On Friday, March 27th, the President signed into law a $2.2 trillion-dollar stimulus plan known as the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. It is the largest stimulus package of its kind and is intended to help combat the economic impact of the COVID-19 virus. Continue reading
As confirmed COVID-19 cases continue to accelerate in the U.S. and around the world, work stoppages have also increased. The resulting strain on the economy from layoffs, furloughed workers, reduced productivity, and consumer spending is beginning to appear in the data. Continue reading
Stocks rebounded this week, with the S&P 500 surging 10.3%, as investors stepped in to buy discounted shares of companies after Congress approved the $2 trillion stimulus package for households and businesses. The Dow Jones Industrial Average rose 12.8%, the Nasdaq Composite rose 9.1%, and the Russell 2000 rose 11.6%. Continue reading
As I write this article the market closed with another historic day. And it was a good one – the biggest one-day percentage gain (+11.37%) for the Dow Jones Industrial Average in almost 90 years, and its largest-ever move in point terms. But the financial carnage done by the COVID-19 pandemic over the last month is undeniable. Continue reading
Folks, these are trying times. We are being tested on many levels, both emotionally and financially. I thought about just posting my typical Weekly Market Recap, but y’all have probably had enough bad news and anxiety to last a lifetime already this week. Continue reading
Check out this video (CLICK HERE) from one of our investment partners, Dimensional Fund Advisors (DFA). It helps to put recent market volatility into perspective. It’s a little long, but worth the time. We hope you find it helpful during these trying times. Continue reading
After 11 years, a perfect storm around the new coronavirus has pushed markets into bear territory. The World Health Organization officially declared the COVID-19 outbreak a pandemic, markets were disappointed by government policy responses, and containment measures increased as cases continue to rise globally. Continue reading