20 Search Results for: covid

  • Market Commentary: S&P Climbs Despite Record Decline in Consumer Spending

    Posted on June 1, 2020

    Coronavirus actions and reactions continued to swing economic data in the U.S. Consumer spending dropped 13.6% in April. It was the sharpest decline on record dating back to 1959. Income moved in the other direction last month.

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  • Market Commentary: Economy Slightly Improves as Restrictions Loosen

    Posted on May 26, 2020

    Another 2.4 million people filed initial unemployment claims last week. The number has declined for seven straight weeks. Unfortunately, 2.4 million is more than three times higher than the pre-COVID-19 record, and the pace of decline remains slow. Because the number remains stubbornly high, optimism for a sharp economic recovery is dropping.

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  • Market Commentary: Drop in GDP Expected to Continue

    Posted on May 4, 2020

    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

    Posted on April 27, 2020

    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

    Posted on April 20, 2020

    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

    Posted on April 13, 2020

    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

    Posted on April 6, 2020

    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

    Posted on April 3, 2020

    CARES Act Summarized As the stock market hit its lowest returns since the 2008 Financial Crisis, the government has stepped in in an attempt to boost the economy. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) produces roughly $2 trillion in relief funding, tax breaks and loans for individual Americans and businesses impacted by the COVID-19 virus. After reading this guide, you'll walk away with a firm understanding of how the CARES Act impacts you – and how it's shaped to help the overall economy. Name* First Last Email* Phone*State/Zip* StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth...read the full article

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  • “What Can I Do To Help?” – Our Response to COVID-19

    Posted on April 2, 2020

    By Karin Grablin, CPA, CFP® Wealth Advisor at SRQ Wealth These are unusual and uncertain times, to be sure. By now, all of us have been inundated with facts and figures about the Coronavirus, and its impact on the health of our community, our country and the world, both physically and financially.

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  • CARES Act Summarized

    Posted on March 31, 2020

    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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