Updates

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…

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…

The equity market hit a year-to-date high in June but was tempered by emerging coronavirus cases as states slackened their isolation orders, ending with a near flat month after three months of sustained rebound from the March 23 low. The COVID-19 pandemic continues to drive fiscal and monetary policy, and as Federal Reserve Chairman Jerome…

The CARES Act Passed Into Law From rebate checks to small business support, there’s a lot packed into the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on Friday. The $2+ trillion emergency fiscal stimulus package is intended to mitigate some of the economic effects of dealing with COVID-19. Here’s…

Market Volatility Tip: If you had invested in the stock market from 1999-2018, and not touched it, your money would have nearly tripled. But if you had traded in and out and missed out on just the 10 best-performing stock market days over that 20 year period—your returns would have only been half of that.…