MARKETS SKYROCKET AS CORONAVIRUS CASES SEEM CLOSE TO PEAKING, WASHINGTON PREPS STIMULUS #4 AND THE FED GETS MORE AGGRESSIVE Weekly Market Update — April 13, 2020 In a sharp departure from the past 6 weeks, U.S. stock markets leaped to their best weekly gains in over four decades, as the Federal Reserve announced more aggressive …
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Use this social-distancing time to establish healthy financial habits COVID-19 has presented everyone with incredible challenges as it has wreaked havoc on our country and around the world. Beyond the worry of the virus itself, everyone is impacted economically as most businesses have closed, forcing us to social-distance for the foreseeable future. And while Congress …
MARKETS RETREAT AS CORONAVIRUS CASES, UNEMPLOYMENT NUMBERS AND THE PRICE OF OIL SKYROCKET Weekly Market Update — April 6, 2020 U.S. markets struggled with a lot of historically bad news this week and ended the week negative, reversing last week\’s historic gains The smaller–cap Russell 2000 fared the worst by far, dropping over 7% on …
You don’t need to file by April 15th and you should think about the benefits The U.S. Department of the Treasury is delaying the April 15th deadline to file and pay taxes by 90 days, giving individuals and businesses another 3 months to file and then pay the government what they owe. What Should …
But volatility upticks are normal, healthy and, to some extent, expected Market volatility can be frightening, but also useful. Gyrating stocks are a good reminder to look at your portfolio with a critical eye. The key is to curb your emotions and not panic. For the first couple of months of 2020, we continued …
By this time, you have most likely seen the order passed down from both the Pennsylvania & New Jersey State Governors that all non-life sustaining businesses’ must fully transition to virtual operations. Prior to the order, we had already made the decision to transition most of our staff to operate remotely and securely from …
The ninth surprise rate cut in history is the second due to the coronavirus In a dramatic and emergency action to support the U.S. economy during the coronavirus pandemic, the Federal Reserve announced it would cut its target interest rate to near zero. And it announced it on a Sunday. While the Fed was scheduled …
Monday, March 16, 2020 – Once again, markets are rapidly moving this morning as the U.S. Federal Reserve announced a second emergency rate cut to zero on Sunday in conjunction with Central Banks around the world. Chairman Jerome Powell announced that Monetary Policy had run its course and that a Fiscal Stimulus is needed to …
MARKETS RETREAT AS CORONAVIRUS WORRIES INTENSIFY, PUSHING THE 30–YEAR TREASURY TO ITS ALL–TIME LOW Weekly Market Update — February 25th, 2020 The tech–laden NASDAQ and the broad, large–cap S&P 500 both hit new closing records this week, but trailed off toward the end of the week and finished in the red NASDAQ lost the most …
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Retirement Income Perils Where will you get income in retirement? Most people think: By cashing in the investments I’ve accumulated during my working life. But even if you have a lot of money saved, cashing in will not always work. You need to have an income plan. The notion that you can withdraw a fixed …