The S&P 500 was down 1.3% for the week, snapping a two-week winning streak. President Trump signed a $484 billion stimulus package that will add to funds for small-business lending and direct money to hospitals and efforts to ramp up U.S. testing capacity in the fight against COVID-19. The bill Read more…
U.S. stocks posted their best weekly gain in more than four decades on Thursday, buoyed by the Federal Reserve’s surprise announcement it would provide $2.3 trillion of funds through its lending programs to support the broader economy. Data showed another 6.6 million Americans claimed unemployment benefits in the latest week Read more…
Letter From Ben Dear Fellow Investors, The first quarter of 2020 was one for the record books. US stocks dropped precipitously in the first three months of the year as concerns about the global coronavirus pandemic and its impact on businesses and the economy grew. Amid a tumultuous quarter that Read more…
The positive momentum in equities declined last week amid soft economic data and the extension of social-distancing guidelines, with major U.S. indexes falling around 2% to 3%. Stocks struggled to gain traction as coronavirus cases continued to surge in the U.S. and most other countries, widening the economic impact. Oil Read more…
Last week was yet another roller coaster ride as investors digested a number of developments around the monetary and fiscal policy response to the spread of COVID-19 and early signs of the turmoil it is likely to cause the U.S. economy. The Federal Reserve announced open-ended asset purchases and other Read more…
Market Rout Deepens as Pandemic Widens Following last week’s entry into bear-market territory, the longest bull market in history, which began in March 2009, is officially dead. Wall Street is now in a bear market. Most all central banks took action alongside the U.S. Federal Reserve who cut rates a Read more…
Fears of a growing COVID-19 (Coronavirus) pandemic are causing anxiety levels to increase while stock prices decrease. Current market volatility is now approaching levels not seen since 2008 when the market wrestled with the global financial crisis. In 2008, it was a Wall Street problem that spilled over to Main Read more…
2019 Market Review and 2020 Outlook A Look Back at 2019 2019 brought a rollercoaster of emotions for both investors and financial professionals alike. The year was filled with a seemingly unending cycle of record-breaking highs and lows. While the year ended with sizeable returns for the S&P 500, just Read more…