The Best 50 Days Ever – June 10, 2020
Since 1957, the S&P 500 Index2 has advanced by more than 20% over a 50-day period just eight times (LPL Research). Through June 3, a…
Astounding Jobs Report Jolts Analysts – June 8, 2020
Analysts expected the unemployment rate to rise from 14.7% in April to 19.8% in May (Econoday consensus). On top of April’s record 20.7 million drop…
Jobless Numbers, COVID-19, Civil Unrest, and the Stock Market – June 3, 2020
On Friday, the government will release May’s employment data. Per Econoday, economists expect another 7.7 million job losses (on top of 20.5 million in April)…
Savings Rate Hits Record amid Collapse in Spending, Stockpiling of Cash – June 1, 2020
The savings rate soared from an already-lofty 12.7% in March to a record 33.0% in April, as Americans continued to slam the brakes on spending….
Covid-19 and Your Finances: 7 Steps to Get on Track – May 27, 2020
First and foremost, the Covid-19 pandemic is a health crisis. But the economic ramifications have been widespread. Here are 7 steps you can take to…
The Good, the Bad, and the Uncertain – May 18, 2020
The unemployment rate hit its highest level since the Great Depression last month (U.S. BLS), and it appears set to jump again in May. April…
4 tips for Financial Planning in the COVID-19 Crisis – May 13, 2020
You can’t control the headlines, but you can put your financial house in order. Evaluate your emergency fund. If you are working and received a…
Jobs Friday – May 6, 2020
The U.S. Bureau of Labor Statistics will release April’s jobs report on Friday. Per Econoday, economists are expecting a loss of over 21 million jobs…
The Wall Street Main Street Disconnect – May 1, 2020
The economic data is rolling in. With few exceptions, we don’t have much of a read on April’s numbers, but March has been ugly. Weekly…
Defying Gravity – April 29, 2020
The disconnect between Main Street and Wall Street is enormous. The Dept of Labor reported 26 million first-time claims for unemployment insurance over 5 weeks….