18 Search Results for: covid
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Emotional Markets and Volatility Explained
By John Corron, Wealth Advisor – What a run of market volatility we have experienced since COVID-19 captured the world by storm! After such a long run of stable and positive market returns following the Great Financial Crisis of 2008 to 2009, the magnitude of day-over-day up and down market moves have been stunning for many. A popular question that I am asked is, “What is different this time?” While there are many fluid moving parts to the current market environment, I try to explain it in the simplest terms I can think of: emotion, market structure and illiquidity. What…read the full article
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COVID-19: How to Recalibrate Life in the Midst of Consternation, Chaos & Crisis
Sanjiv Chopra, MD, is professor of medicine and former faculty dean for Continuing Medical Education at Harvard Medical School. He’s also the James Tullis Firm Chief, Department of Medicine, at Beth Israel Deaconess Medical Center. For 12 years he led the most robust academic Continuing Medical Education enterprise in the world, reaching out to 80,000 clinicians in 150 countries each year. Dr. Chopra is also editor-in-chief of the hepatology section of UpToDate, an online resource used by more than 600,000 physicians worldwide for clinical decision-making at point of care.
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Risk Tolerance Revisited
By John Corron, Wealth Advisor – Sound financial planning involves constantly checking with clients on changes to their financial circumstances. Are there new major expenses on the horizon? Is income significantly higher than last year? Have any unexpected health issues popped up in your family that stretched the budget? These are important influences on financial plans. The recent market environment and world events with COVID-19 have brought another important question back to the fore: Is it time to revisit your risk tolerance? One Size Does Not Fit All It is common practice to gradually reduce risk in investments over time…read the full article
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Market Commentary: Drop in GDP Expected to Continue
Economic news indicated the economic damage from COVID-19 continues to grow. U.S. gross domestic product shrank 4.8% in the face of the coronavirus and social distancing designed to combat its spread. Next quarter, expectations are for a nearly 30% decline. Initial unemployment claims fell to 3.8 million. The number of claims remains high, and the six-week total is more than 30 million.
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Market Commentary: U.S. and Foreign Leaders Moving to Open More Businesses
Leaders around the world announced steps to open up their economies by gradually reducing social distancing as the global economy continued to struggle. In the U.S., more than four million people filed initial claims for unemployment.
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Market Commentary: Investors Optimistic Over Slowing COVID-19 Cases
Similarly to last week, investors had to weigh progress fighting COVID-19 and what that means for the future against the economic toll the virus and policies designed to slow it are having on the economy.
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Market Commentary: Stocks Rise in Hopes that COVID-19 Slows
Investors were faced with a combination of optimistic and pessimistic news this week and opted to accentuate the positive. Health care data reinforced the gradual success social distancing is having in curtailing the spread of the virus.
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Market Commentary: Unemployment Rises, China’s Recovering Economy
The measures slowing the spread of the coronavirus are dealing severe challenges to the U.S. job market. Social distancing has proven difficult for day cares and dentists, restaurants and retail. As the accompanying chart shows, last week, 6.6 million workers filled for new unemployment benefits.
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CARES Act Summarized
As the stock market hit its lowest returns since the 2008 Financial Crisis, the government stepped in in an attempt to boost the economy.
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Market Commentary: Relief Package Enacted as Unemployment Sharply Rises
Markets look forward and, at least for a week, saw signs government is willing to provide support to get the economy through the coronavirus pandemic. The centerpiece of the steps announced last week was a $2 trillion package designed to keep people employed and support those who have lost their jobs.
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