64 Search Results for: covid

  • Market Commentary: Investors Optimistic Over Slowing COVID-19 Cases

    Posted on April 20, 2020

    Similarly to last week, investors had to weigh progress fighting COVID-19 and what that means for the future against the economic toll the virus and policies designed to slow it are having on the economy.

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  • Market Commentary: Stocks Rise in Hopes that COVID-19 Slows

    Posted on April 13, 2020

    Investors were faced with a combination of optimistic and pessimistic news this week and opted to accentuate the positive. Health care data reinforced the gradual success social distancing is having in curtailing the spread of the virus.

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  • Millions of adult dependents won’t get coronavirus stimulus cash

    Posted on April 8, 2020

    WASHINGTON — Most Americans in Texas and beyond will soon get checks worth up to $1,200 as part of Congress’ sweeping coronavirus relief package. But Isabella Rios will not be among those cashing in.

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  • Market Commentary: Unemployment Rises, China’s Recovering Economy

    Posted on April 6, 2020

    The measures slowing the spread of the coronavirus are dealing severe challenges to the U.S. job market. Social distancing has proven difficult for day cares and dentists, restaurants and retail. As the accompanying chart shows, last week, 6.6 million workers filled for new unemployment benefits.

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  • CARES Act Summarized

    Posted on March 31, 2020

    As the stock market hit its lowest returns since the 2008 Financial Crisis, the government stepped in in an attempt to boost the economy.

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  • Market Commentary: Relief Package Enacted as Unemployment Sharply Rises

    Posted on March 30, 2020

    Markets look forward and, at least for a week, saw signs government is willing to provide support to get the economy through the coronavirus pandemic. The centerpiece of the steps announced last week was a $2 trillion package designed to keep people employed and support those who have lost their jobs.

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  • Understanding the Market Situation and the Opportunities Ahead

    Posted on March 27, 2020

    Understanding the Market Situation and the Opportunities Ahead These are unsettling times, both from a public health perspective and an economic perspective. To help provide answers at a time filled with questions, we put together this webinar: “Understanding the Market Situation and the Opportunities Ahead.” In this on-demand webinar, you’ll learn: ‣   The economic impact of COVID-19 ‣   The federal response to the market downturn and what it may mean for you ‣   The long-term outlook of the situation ‣   Some financial planning opportunities that have presented themselves with the down market Hosting the presentation are...read the full article

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  • Tax Tips for Business Owners in a COVID World

    Posted on February 4, 2021

    Facing everything from empty sales floors to painful staff shortages, entrepreneurs have been uniquely hurt by 2020 and the extent of the damage isn’t fully known yet. A Yelp economic impact report released in September found that almost 100,000 small businesses in the country had closed their doors permanently while many others struggle under the current conditions.

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  • Market Commentary: Rise in COVID-19 Cases Leads to Market Dip Before Holiday Shopping Season

    Posted on November 23, 2020

    Retail data were mixed last week. U.S. retail sales rose 0.3% in October and are now 5.7% higher than one year ago. But as Figure 1 shows, the increase was the smallest since the recovery began. Increased coronavirus cases in October likely pressured purchases lower and moved consumers online. Non-store retailers reported a 3.1% increase in sales.

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  • Market Commentary: COVID-19 Vaccine Shows Positive Results and Market Soars Even After Tight Election

    Posted on November 9, 2020

    Special Update The first COVID-19 vaccine to announce results reported very positive data early Monday morning. Two notable pharmaceutical and biotech companies announced on Monday their COVID-19 vaccine was more than 90% effective. The study also showed there were no side effects observed in the vaccine trial. The effectiveness is higher than many medical experts expected and represents a major step forward in efforts to contain the virus. News on other vaccine trials is expected in coming weeks and months.

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  • Comparing Traditional Mortgages and Variable-Rate Mortgages in the COVID-19 Economy

    Posted on August 6, 2020

    Do you know what it was like to buy a house in 1982? You pulled up your Trans Am to the bank where the picture of President Regan hung on the lobby wall and got your checkbook out of your jean jacket. Then you signed up for a 30-year mortgage with a 17% interest rate!

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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: 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 1.5 million.

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  • Market Commentary: Investors Optimistic Over Slowing COVID-19 Cases

    Posted on April 20, 2020

    Similarly to last week, investors had to weigh progress fighting COVID-19 and what that means for the future against the economic toll the virus and policies designed to slow it are having on the economy.

    Read more
  • Market Commentary: Stocks Rise in Hopes that COVID-19 Slows

    Posted on April 13, 2020

    Investors were faced with a combination of optimistic and pessimistic news this week and opted to accentuate the positive. Health care data reinforced the gradual success social distancing is having in curtailing the spread of the virus.

    Read more
  • Market Commentary: Despite Initial Worry, Inflation Remains Well Controlled

    Posted on February 16, 2021

     U.S. inflation rose 0.3% last month and is now up 1.4% for the year (Figure 1). Investor concern about inflation has increased in recent months against the backdrop of large stimulus packages and hopes of an economic recovery. Pushing back against that concern is a slowly recovering labor market. Initial jobless claims fell 19,000 from the previous week but remained stubbornly close to 800,000. Continuing claims were more than 4.5 million.

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  • Market Commentary: Federal Interest Rates Remain Low with No Increases Planned

    Posted on February 8, 2021

     The U.S. employment situation remains lackluster. Only 49,000 new jobs were created in January. Unemployment dropped but only because labor force participation fell from 63.4% to 61.4% (Figure 1). As COVID-19 cases have dropped this year, some improvement is expected in coming months. Vaccine distribution remains the most important path toward an improved economy.

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