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Tax Deadline Extended to July 15th Due to Pandemic

Posted on April 27th, 2020

Tax Deadline Extended to July 15th Due to Pandemic
In the midst of the pandemic, taxes remain an inevitability. The IRS has extended the tax filing and payment deadline from April 15, 2020 to July 15, 2020. The new extension deadline applies to individuals, fiduciaries (estate and trusts), small business owners, and corporations. Individuals do not need to be infected by the coronavirus or […]

$2.2 Trillion Stimulus Plan Highlights for Individuals & Small Businesses

Posted on April 24th, 2020

$2.2 Trillion Stimulus Plan Highlights for Individuals & Small Businesses
In response to the economic shock of the pandemic, Congress passed a $2.2 trillion stimulus plan, known as the Coronavirus Aid, Relief and Economic Security Act (Cares Act). The plan provides critical funds to various sectors of the economy in the form of payments, tax breaks, loans, and subsidies to individuals and small businesses nationwide. […]

Nearly 10 Million Claim Unemployment in Just Two Weeks

Posted on April 22nd, 2020

Nearly 10 Million Claim Unemployment in Just Two Weeks
The sudden loss of jobs and mass layoffs by businesses nationwide has brought about the single largest increase in unemployment claims in the country’s history. What should have been another average week for unemployment claims of roughly 243,000 based over the past five years, turned into 3.28 million people applying for unemployment for the week […]

Massive Stimulus Efforts Bring Yields to Historic Lows

Posted on April 20th, 2020

Massive Stimulus Efforts Bring Yields to Historic Lows
The Federal Reserve announced a reintroduction and expansion of its Quantitative Easing (QE) program to now include corporate bonds in addition to government agency and Treasury bonds. The program essentially entails the buying of an unlimited amount of bonds in the open market, thus stabilizing prices and volatile trading caused by a dislocation in the […]

April 2020 State of the Market

Posted on April 17th, 2020

April 2020 State of the Market
April Market Performance Markets have had a strong performance so far in April, snapping higher in the rebound rally from the COVID-19 crash. This rally has been boosted by optimism that the curve of the pandemic spread is flattening, as well as the hope that the fusillade of economic stimulus from the government will keep […]

March 2020 Fund Performance Report

Posted on April 15th, 2020

March 2020 Fund Performance Report
March Markets Performance The growing coronavirus disease (COVID-19) outbreak grew to pandemic dimensions in March, throwing daily life and markets into disarray. The decade-long bull market of the 2010s came to an end in some of the worst trading days the stock market has ever seen. As the crash peaked in the middle of the […]

Equities Technically End Eleven Year Bull Market Run

Posted on April 13th, 2020

Equities Technically End Eleven Year Bull Market Run
Equity markets experienced volatility in March not seen since the 1930s, with daily declines so sharp that rarely-used mechanisms to halt trading were activated by the exchanges on multiple occasions. The S&P 500 Index saw an average daily change of 5.2% in March, the most extreme volatility since November 1929. Stocks fell into bear market […]

April 2020 Economic Snapshot – Economic Shock from Pandemic Spurs Unprecedented Response

Posted on April 10th, 2020

April 2020 Economic Snapshot – Economic Shock from Pandemic Spurs Unprecedented Response
With the coronavirus continuing to wreak havoc on markets and economies worldwide, governments and businesses are confronting an unprecedented environment. In response, massive fiscal and monetary stimulus efforts are being enacted by the administration and the Federal Reserve in an attempt to provide economic support. The World Health Organization (WHO) declared the COVID-19 virus a […]

Consumer Debt Surpasses $14 Trillion

Posted on April 7th, 2020

Consumer Debt Surpasses $14 Trillion
As the economy has grown, so has household debt. Data tracked by the Federal Reserve shows that debt held by U.S. households rose to over $14 trillion in the fourth quarter of 2019, the highest level ever. Mortgage debt rose as a continued low-rate environment fostered refinances and new loans at near-record low interest rates. […]

Americans Are Saving More

Posted on April 3rd, 2020

Americans Are Saving More
The most recent data from the Federal Reserve identified an increase in the savings rate to 7.7% of disposable personal income as of December 2019. Some economists view this increase as a possible pause in economic growth until consumers feel more confident about spending. The Federal Reserve defines the personal savings rate as a percentage […]

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