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April 3, 2020
Just as everyone settled in for a long winter’s nap following Fed Chairman Jerome Powell’s late 2019 assessment that our economy was in a very good place and could conceivably grow indefinitely, reports of a novel coronavirus outbreak started coming from Wuhan, a city of 11 million people in...
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March 25, 2020
On June 18, 1940 British Prime Minister Winston Churchill delivered a speech to the House of Commons. France had just fallen; Europe lay in tatters and the survival of the civilized world hung in the balance. At that moment, the U.K. stood virtually alone facing Nazi Germany as the Battle of...
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March 10, 2020
Yesterday, March 9, was the eleventh anniversary of what would prove to be the bottom of the last major bear market (2007-09). It is an interesting twist of fate that the world marked that anniversary with what appears to be another panic attack. At yesterday’s closing level of 2,746, the S&P...
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February 26, 2020
Given the current state of financial markets, it’s probably a good time to try to put things into perspective. No one knows yet the true impact the coronavirus will have on our global economy. The situation may worsen before scientists develop effective tests, drugs and vaccines from studying the...
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January 21, 2020
With a new year comes new changes, especially as it pertains to financial matters; and 2020 is no different. Near the end of December, President Trump signed into law what has become known as the SECURE ACT (Setting Every Community Up for Retirement Enhancement). This act has numerous...
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January 3, 2020
December 24th marked the one-year anniversary of the 20% bear-market in the S&P 500. Nervous investors sold stocks fearing the Federal Reserve would catapult the U.S. economy into a recession when it followed through on its commitment to continue raising interest rates in the face of slowing...