Inflection Point for the Markets and Economy?

Last Friday’s employment report was a true shocker by showing a gain of 2.5M jobs (estimates were for 7M losses), which may have revealed that our nation has reached an important inflection point much sooner than anticipated. Following the incredibly strong labor report, the S&P 500 officially had clawed back all its year-to-date losses on… Read more »

Economic & Market Update

After nearly 11 years, the historic bull market that emerged from the ashes of the last financial crisis abruptly ended in February as the coronavirus took root in developed markets. Since then, the global pandemic has not only upended life for many households – as economic activity was put on pause – but also has… Read more »

Wall Street vs. Main Street

Since bottoming in late March, the market has entered a rally phase and has risen by more than 20%. In fact, it has retraced nearly half its 35% loss since its mid-February peak and remains down about 15% year-to-date. Fortunately, many individual investors have performed better than the broad market average thanks to diversified portfolios that… Read more »

Reflecting Upon an Unprecedented First Quarter

This past quarter was both awful and one for the record books. The first global pandemic in over 100 years brought an end to the longest bull market in U.S. history with declines so sharp they triggered multiple exchange trading halts. The S&P 500 took just 16 days to enter a bear market, its quickest 20%… Read more »

Plunging Oil Prices Deepen Market Fears

It is ironic that we share this update on the exact same day that the Bear Market attributable to the Great Financial Crisis reached its very own bottom 11 years ago. Earlier this morning, the selling pressure in stocks was intense enough to trigger a 15-minute trading halt after the market’s open. To most everyone engaged… Read more »