35 Search Results for: covid

  • Market Commentary: S&P 500 Positive for the Year as Retail Sales Rise

    Posted on July 20, 2020

    Evidence for a sharp, although possibly brief, economic recovery continues to mount. As shown in Figure 1, retail sales rebounded another 7.5% in June and are now 1.1% higher than a year ago. Signs of economic reopening showed up throughout the data released last week.

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  • Market Commentary: S&P Climbs Despite Surge in COVID-19 Cases

    Posted on July 13, 2020

    Stocks continued to climb in the face of an increasing number of new COVID-19 cases and evidence the surge is stifling the economy’s ability to recover. Initial unemployment claims dipped to 1.3 million, but they have remained above 1 million for 16 consecutive weeks.

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  • Market Commentary: Markets See Huge Boost as Optimism Outweighs Slowed Reopening

    Posted on July 6, 2020

    The S&P 500 wrapped up its best quarter since 1998, gaining 20.5%, amid a strong employment report and continued concerns as the United States and the world posted a record number of coronavirus cases.

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  • Market Commentary: S&P 500 Dips as COVID-19 Cases Surge

    Posted on June 29, 2020

    The daily total for new virus cases topped 40,000 as a resurgence in the South and Southwest pushed new cases to an all-time-record high. Some states are reporting record hospitalizations and pausing or reversing reopenings. Initial unemployment claims, as shown in Figure 1, remain close to …

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  • Market Commentary: Retail Sales Jump as States Loosen Restrictions

    Posted on June 22, 2020

    Retail sales and food services jumped 17.7% in May, beating estimates of 8% growth. The strong rebound follows sharp declines the previous month created by social distancing. Even with the increase, sales are still 6.1% below where they were one year ago.

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  • The Week Ahead — Our 2020 Mid-Year Economic Update

    Posted on June 15, 2020

    By Michael Gold, CFP® MBA Founder and CEO, Wealth Advisor How’s your 2020 going so far? Unsettling? Unexpected? You’re not alone. The world as we know it has been turned upside down by five letters and a number: COVID-19. While the coronavirus pandemic is at its core a health issue, the dow …

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  • Market Commentary: S&P Climbs Despite Record Decline in Consumer Spending

    Posted on June 1, 2020

    Coronavirus actions and reactions continued to swing economic data in the U.S. Consumer spending dropped 13.6% in April. It was the sharpest decline on record dating back to 1959. Income moved in the other direction last month.

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  • The Month Ahead — May Economic and Market Review

    Posted on May 8, 2020

    Whatever it takes “Within our mandate, the Fed is ready to do whatever it takes to support the economy. Believe me, it will be enough.” Wait, did Fed Chief Jerome Powell really say that? No, he didn’t, but the Federal Reserve’s (The Fed’s) actions seem to have said it for him.  Given the sp …

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  • The Week Ahead — 4 Key Financial Lessons From The Last Recession

    Posted on April 22, 2020

    By Michael Gold, CFP®, MBA Founder and CEO, Wealth Advisor What do you remember from the last recession, the economic crash in 2007/2008? We all know we can learn from the past and the financial mistakes we have made, but there are also encouraging aspects we should remember as well. Let us …

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  • How We Are Supporting Our Clients During The COVID-19 Crisis

    Posted on April 3, 2020

    By Michael Gold, CFP®, MBA, Founder & CEO, Wealth Advisor While many things are happening right now that are out of our control, we focus on what we can control—how we communicate with each other. We want you to know without a doubt in your mind that we are here for you and have the …

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