2020, true to form, gave us plenty to write home about on the weather front as well! Just a few unpleasant milestones from this summer in Tucson.
Plan By Numbers Blog
Financial Planning simply illustrated by numbers, at our companion blog written by Denis Smirnov.
There were 38 companies in the S&P 500 with Q2 revenue decline of 50% or more. It makes sense that concerts, cruise operators, hotels/casinos, airlines and travel sites are heavily represented. There was very little activity in those areas in April, May and June. Energy sector is also featured prominently.
I’ve been following Arizona’s COVID numbers very closely and decided to do some analysis on the state’s baseline vital statistics to put this epidemic in perspective.
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
Despite yield-curve inversions and trade wars, the economy remained on solid footing in 2019