Market Leaps at Positive Vaccine News
November 10, 2020 Few things are as encouraging as a glimpse at the light at the end of the tunnel. Pharmaceutical makers Pfizer and BioNTech announced Monday morning that their coronavirus vaccine has shown strong results through ongoing drug trials – a 90% efficacy rate with minimal side effects. This news immediately gave lift to…
Read MoreWall Street Watching Election Results
November 4, 2020 So now we wait. Like long-term investing, this election has required perseverance, persistence and patience. If you’re anything like us, you have anxiously awaited the outcome of this seemingly unending election cycle. And truth be told, all elections appear more crucial than the one before – this one in particular as we…
Read MorePolitics, Pandemics, and Performance
October 27, 2020 Stocks faltered at the beginning of the week as COVID-19 cases surged and stimulus talks stalled. Uncertainty surrounding the 2020 election also drove market declines. The S&P 500 (-1.9%), Dow Jones Industrial Average (-2.3%) and NASDAQ (-1.6%) each sharply declined today. More specifically, the S&P 500 closed below its 50-day moving…
Read MoreCOVID Guidelines
‘Healthy at Work’ Office Reopening Guidelines: On June 1, our Gratz Park Private Wealth team returned to our office building with new guidelines in place to ensure it is the safest environment possible for us as a team, you as our client, and for our community as a whole. We have taken guidance from the…
Read MoreDoes the President Impact Your Long-Term Investments?
There’s an old adage on Wall Street known as “Climbing the Wall of Worry.” There’s plenty to worry about this year, indeed. We’ve had many questions recently about the 2020 Presidential Election and its effect on financial plans. So what does it mean for your long-term investments? Election time concerns are sensible, since campaigns are…
Read MoreEquities Pullback From Early September Highs
Investors have had a lot to process over the past few days. Domestic equity declines on top of global ones dovetailed with the loss of legendary Supreme Court Associate Justice Ruth Bader Ginsburg as well as a rise in COVID-19 cases across the nation. The Dow Jones Industrial dipped almost 3% on Monday, and the…
Read MorePutting Market Activity Into Perspective
Truth be told, like many of you, we had hoped that the stock market momentum would continue through the Labor Day weekend. However, the Nasdaq and the broad-market S&P 500 began to show signs of weakness a few days before the unofficial end of summer. We’ve seen these patterns before, and yet these rapid changes…
Read MoreS&P 500 Climbs Over 7% in August, Attains New All-Time High
We hope you and yours are well as we approach the end of summer, a time of change even during more normal times. As we all prepare for this busy period, we wanted to share with you a look back at the markets and economy over the past month of this record-breaking year. The S&P…
Read MoreSee How We Give the Information You Need – When You Need It
In addition to a carefully constructed long-term financial plan, working with Gratz Park Private Wealth gives you ready access to vital information. Whether it’s logging in to Client Access to track all of your accounts in one secure place or reviewing important investment disclosures, you can get the information you need – when you need…
Read MoreSecond Quarter GDP Report Reflects Early Pandemic Response
The U.S. economy contracted 9.5% through the second quarter, the worst single-quarter decline in gross domestic product (GDP) since the Commerce Department started tracking it in 1947. It was expected the report would show a dip, but it’s important to recognize what that dip represents. It does not attest to the economy’s current trajectory, just…
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