V-Shaped Rebound…So Far – July 20, 2020
Let’s review two important economic reports: retail sales and industrial production. The Covid-inspired lockdowns began in March, as reflected in retail sales and industrial…
PPP Lifeline, the Big Picture, and Boring Facts – July 15, 2020
There has been no shortage of media headlines highlighting how celebrities, movie stars, and even rock bands have received loans under the Paycheck Protection Program. The…
Investors Brace for a Difficult Earnings Season – July 13, 2020
Q2 earnings season unofficially gets underway this week, and investors are bracing for a steep decline in profits. But does it matter? Are investors already…
A V-Shaped Recovery Runs into Uncertainty – July 8, 2020
Over the last two months, the economy has rebounded at a pace that is much better than nearly anyone could have expected. Job growth is…
Another Blowout Jobs Report – July 6, 2020
Nonfarm payrolls surged a record 4.8 million in June, which is on top of the 2.7 million increase in May per the U.S. Bureau of…
9 Fun Facts About the Declaration of Independence – June 30, 2020
On July 4th, we celebrate the 244th anniversary of the signing of the Declaration of Independence. In its honor, here are 9 fun facts about…
Brexit and the Longer Term – June 29, 2016
We witnessed a political earthquake in Europe, as the UK voted to leave the 28-nation European Union (EU). It wasn’t supposed to happen, per the…
One-Third of Investors Over 65 Years Old Dumped Their Stocks this Year – June 24, 2020
Stocks hit a near-term bottom on March 23 (WSJ, various sources, major U.S. market indexes) and have rallied sharply off the low. Nearly 18% of…
Reopening of State Economies Boosts Sales, Job Losses Remain High – June 22, 2020
We see it every day. Hair salons, medical offices, retail stores, restaurants, and more are slowly reopening. We’re far from reclaiming the economic highs of…
Eyeing an Economic Recovery – June 17, 2020
Economists use letters of the alphabet to describe economic recoveries. A V-, U-, L-, or W-shaped recovery. You see, the letter is designed to describe…