Friends There are some positive developments this morning with regards to government and central bank responses to the potential economic damage from COVID-19. First, on the fiscal side, Secretary Mnuchin indicated this morning that we are only in the 2nd inning of...
Friends After the update that we sent this morning we did get news that the Fed is stepping up to provide liquidity in the treasury markets, and that did cause a very short lived rally in stocks. I say rally, but we simply went from being down more than 9% to being...
Friends President Trump’s address to the American people did little to calm the nerves of investors. In fact, it appeared to make it worse as just after he began to speak, stock futures plummeted. As we begin trading today, stocks are once again under immense selling...
Friends Today surely felt like a day where fear met reality, and stocks basically were overwhelmed by headlines. The WHO finally declared that the world was experiencing a pandemic with regards to Covid-19. Cancellation of sporting events, concerts, rodeos, and...
Friends Did we mention that there might be some volatility in the markets for a while? Today's price action in stocks was once again breathtaking. A nearly 1000 point Dow gain in early trading was totally erased by midday. Then once again in the afternoon stock prices...
Friends Does this maniacal market action make us nervous? Of course, it does. We’re human too. It’s always stressful when you are dealing with the unknown, and things you can’t control. So, to that end, it is much more productive to deal with things that you know and...
Friends With markets in turmoil over the Covid-19 virus, we are going to try to keep you up to date as important things occur. We’ll send out alerts as news warrants to attempt to keep you informed during this time of stress. Overnight things deteriorated as oil...
Friends What a week! I know no one cares about economic data at this point (and it is somewhat looking in the rearview mirror), but today’s jobs number was fantastic. 273,000 new jobs were created in February, which is much more than expected. The unemployment rate...
Friends Let the crazy volatility continue. Perhaps it was the good showing of Joe Biden last night during the Super Tuesday elections, staving off communism, or perhaps it was a lack of a devastating corona virus headline, or maybe it was a delayed reaction to the Fed...
Friends Wow, just another crazy day for the markets. Yesterday’s rally was mainly due to expectations that something market friendly would come out of the G7 meeting this morning. Though not specific, the leaders did indicate that they are ready to step in should...
Friends Stocks rebounded today on news that central banks around the world are poised to intervene (cut rates/provide liquidity) if economic conditions (markets) continue to worsen. Also, the realization that Covid-19, while certainly a very scary situation, may not...
