15 Search Results for: covid

  • 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 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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  • Market Commentary: Relief Package Enacted as Unemployment Sharply Rises

    Posted on March 30, 2020

    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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  • Understanding the Market Situation and the Opportunities Ahead

    Posted on March 27, 2020

    Understanding the Market Situation and the Opportunities Ahead These are unsettling times, both from a public health perspective and an economic perspective. To help provide answers at a time filled with questions, we put together this webinar: “Understanding the Market Situation and the Opportunities Ahead.” In this on-demand webinar, you’ll learn: ‣   The economic impact of COVID-19 ‣   The federal response to the market downturn and what it may mean for you ‣   The long-term outlook of the situation ‣   Some financial planning opportunities that have presented themselves with the down market Hosting the presentation are...read the full article

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  • Coronavirus and the Markets Q&A: 5 Industry-Leading Voices on the Magnitude of the Downturn, What Investors Can Do and More

    Posted on March 25, 2020

    We put together a roundtable discussion of investment experts across financial disciplines to give us some insight on the current markets. This group represents decades of experience in the fields of investment management and financial research and strategy.

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  • Market Commentary: Government Steps In As Downturn Continues

    Posted on March 23, 2020

    The ongoing battle against the coronavirus pushed markets sharply lower last week on concerns the collateral economic damage from social distancing will significantly damage economic growth and corporate profits for extended periods.

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