The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was passed by the Senate and the House of Representatives and was signed by the President on Friday. If uncertainty about the impact of the coronavirus was centered on the two unknowns of the infection itself and what the government was doing about it, …
As the measures taken to slow the spread of the coronavirus (COVID-19) are beginning to take a toll on the economy through a reduction in activity in travel, dining, entertainment and other consumer spending categories, the U.S. government has been formulating ways to help stem the economic impact on both consumers and businesses. Two …
Uncertainty over the economic impact of the coronavirus (COVID-19) continues to negatively impact markets. The declaration of a national emergency on Friday allows coordinated action and financial resources to be used to shore up the economy and provide assistance to public health organizations. In our Dissecting Headlines section, we look at the national emergency …
As markets continue to experience volatility amid economic concerns from the spread of the coronavirus (COVID-19), we want to look at counterbalancing effects we are seeing to stabilize the economy. We mentioned last week we believe the economy should self-correct over time. While 10-year Treasury yields have fallen, the Federal Reserve also made the …
Global equity markets had their worst week in several years last week. The weekly decline, due to economic concerns surrounding the spread of the coronavirus (COVID-19), has pulled all major stock indices into negative territory for the year. Market volatility, which included several large intra-day swings, is indicative of the uncertainty. In our Dissecting …
Continued spread of the coronavirus (COVID-19) led stocks to the downside late last week. News of the virus also spreading outside of China to countries such as Italy has brought additional concern to investors trying to understand the potential economic impact of the outbreak. We view the issue as transitory. While the first quarter …
Despite concerns over impact of the coronavirus, the equity markets staged a recovery back toward record levels last week. We believe the significant story here is corporate earnings. With 387 companies in the S&P 500 Index having reported fourth quarter 2019 earnings, 72% have exceeded expectations, 10% have been in-line and 19% have been …
Coronavirus fear ebbed early in the week allowing investors to focus on good corporate earnings growth and a strong January employment report. Deaths in China from the coronavirus have now surpassed SARS (>811) but when considering the current U.S. flu season has seen over 10,000 deaths we can see things in better perspective. Still, …
Punxsutawney Phil, the groundhog, predicted an early Spring over the weekend. We’d take caution with the prediction as the groundhog has only been about 40% correct historically on his weather predictions. He predicted an early Spring last year that did not prove correct. Likewise, not many market prognosticators know the extent of the coronavirus …
The enthusiasm from the Phase One U.S. – China trade agreement was quickly tempered as fear of the economic impact of the Coronavirus on global growth seeped into the markets. Major market averages saw their first weekly decline for the year. Despite the headline health scare, corporate earnings reporting season rolls on. With 85 …
404.445.7885
