As this is being written, the wild ride for the stock market continues, although it is softened by the historically quick recovery from the market bottom of March 23.
Now that the market has had a solid bounce off the bottom, I wanted to review where we stand.
On Friday, March 25 the $2 trillion “Coronavirus Aid, Relief, and Economic Security Act” (H.R. 748) also known as the CARES Act was signed into law. Below is a summary of what it and other recent government actions mean to our clients.
As the Coronavirus escalates and there are major developments every day, we want to stay in touch with you as much as possible. Of course, we are monitoring those developments and keeping your long-term interests at heart.
This week has been a Coronavirus wild ride with the oil price war, quarantine in Italy, pandemic declaration, travel ban, and a cascade of cancellations.
Thoughts on a very tough week for the market driven by fear of global Coronavirus pandemic
Cyclical sectors had a banner year lead by semiconductors, broader tech and homebuilders. On the international front, Greece, Russia and China did best.
Reviewing major stories of 2019 and how they affected the major asset class performance
We look at which bonds do best in stock market downturns. Higher quality (especially Treasuries) and longer maturity bonds are better at defense.
Some observations from my performance spreadsheets on how things are going year-to-date in various investment areas