Commentary

Coronavirus-Driven Drop Brought Investors Back Down to Earth

CIO Larry Adam discusses the COVID-19 outbreak and emphasizes that investors should exercise patience, not panic.

Commentary

Stocks Wrap Up the First Quarter With Double-Digit Declines

To say that a lot has changed in the last month is a tremendous understatement. The markets are playing a weak supporting role to the worst healthcare challenge in our generation, as well as the worst economic problem since 2008.

Commentary

Weekly Investment Strategy

The US economy will likely struggle temporarily, but the combination of aggressive monetary policy and substantial fiscal stimulus should deter the worst case scenarios from occurring. These efforts will serve as a ‘bridge’ to a place not too far in the future (hopefully June) where the virus is contained, a therapeutic response is developed and the economy returns to normality.

Commentary

So It Begins

The economic impact of COVID-19 has been shockingly large and swift, but most of the information has been anecdotal. Economic data reports are by their nature backward-looking. However, the latest unemployment claim figure and the University of Michigan’s Consumer Sentiment Index point to a sharp contraction in economic activity.

Commentary

Trillion Dollar Stimulus on the Way

Lawmakers in Washington struck a compromise on a major fiscal stimulus package to help combat the effects of the COVID-19 pandemic. The bill, already passed by the Senate and awaiting House vote, packs in a lot, with upward of $2 trillion slated to provide important support for the economy.

Commentary

Weekly Investment Strategy

The economic and financial market carnage of the coronavirus continued in yet another unbearable week for investors. The S&P 500 suffered its worst daily decline since October 1987 on Monday, and has fallen ~30% from its February 19 high—the fastest decline and entrance into bear market territory in the history of the US equity market.

Commentary

Weekly Investment Strategy

The economic and financial market carnage of the coronavirus continued in yet another unbearable week for investors. The S&P 500 suffered its worst daily decline since October 1987 on Monday, and has fallen ~30% from its February 19 high—the fastest decline and entrance into bear market territory in the history of the US equity market.

Commentary

Fed Cuts Rates, Restarts QE as Economic Outlook Deteriorates

In recent weeks, COVID-19 has led to escalating economic concerns. What started as a seemingly sharp, but likely temporary, reduction in Chinese activity, including disruptions to global supply chains, became more worrisome as the coronavirus moved to the rest of the world.

Commentary

Radical Uncertainty into March Sadness

In recent weeks, we’ve seen economic concerns about COVID-19 moving from supply chain disruptions, to expectations of softer global growth, to fear of the impact from social distancing. The odds of a recession have been rising day by day. Some economists believe that we’re already in one.

Commentary

Stocks Tumble Further Amid Travel Bans, Event Cancellations

The S&P 500 triggered the week’s second trading halt by falling more than 7% during Thursday’s market hours.

Commentary

Markets Reach Bear Territory as Roller-Coaster Week Continues

The markets seem to be vacillating between concerns for the extent of economic damage and hopes the federal government will intervene to stimulate the economy or support certain businesses affected most by the spread of the coronavirus.

Commentary

Weekly Market Snapshot

COVID-19 fears continued to drive the financial markets. Share prices were volatile and bond yields dove further into record lows. 

Commentary

Weekly Investment Strategy

Volatility will persist until we get more clarity around the pace of contagion and the potential impact on the US economy – which could take time. Patience, not panic, is essential in order to make well-informed decisions.

Commentary

Fed Surprises With Rate Cut

The Federal Open Market Committee (FOMC) cut rates by .50% in preparation for potential coronavirus impacts.

Commentary

Stocks See Red as Coronavirus Fears Persist

Equities have fallen on continued news of the virus’ spread, and bonds have rallied as investors seek safety.