3.30.20 CARES Act Passed

I hope this finds you and your family healthy, safe and well!  Last Friday, March 27th, President Trump signed what has become the largest emergency stimulus measure in our country’s history, a $2.2 trillion package aimed at helping individuals, families, businesses of all sizes and healthcare facilities impacted by the virus.  Congress acted quickly with legislation to complement the Federal Reserve’s aggressive efforts on the monetary side.  Nearly 900 pages in length, the Coronavirus Aid, Relief, and Economic Security (CARES) Act will be read and analyzed for weeks, months and years to come.  We wanted to make you aware of the most notable provisions potentially relevant to you and your family.  Read more

3.24.20 Bear Market Continues

I hope this finds you and your family safe, healthy and doing well!  Wow!  How much our lives have changed in a little over a month.  Not too terribly long ago we were celebrating Punxsutawney Phil not seeing his shadow and the potential early onset of Spring.  Now, we’re celebrating the warmer weather being ushered in as hopefully another arrow in our quiver to help to eradicate a virus that started across the world in Wuhan, China.  Read more

3.20.20 Managing the Stay-At-Homeness

I trust that you and your family are safe.  Well, we’ve made it through the first few days of the The President’s Coronavirus Guidelines For America to slow the spread of the virus.  So far so good on this end.  Our office continues to operate efficiently, and everyone on our team has been at home now since Tuesday.  We plan to continue to work this way until it is no longer needed.  We are fully functioning via phone, video conference and social media should you want to connect.  Let’s share a few links going into the weekend that may help you manage all of this stay-at-homeness.  Have a great weekend!  Take care, Tim    Read more

Stocks Approach 2009 Valuations vs. Bonds

We rolled out our Road to Recovery Playbook at the start of the week to help investors gauge where the market is in its bottoming process. The first and most important piece of that playbook—visibility into a peak in new COVID-19 cases—remains elusive, but we hope to have a clearer picture with the next couple of weeks as containment efforts have more time to work. We continue to monitor cases daily and plan to update you on that progress regularly during this crisis. Read more

3.15.20 Bear Market Communication

I hope this finds you and your family doing well!

Part of our communication protocol is to reach out to you when the equity markets enter bear market status – down more than 20% at closing from a previously established high. We did that near the end of last week on both the Dow Jones Industrial Average and the S&P 500.  You will note that we sent a similar communication when we entered correction territory (down 10%) on February 28th. The S&P 500 needed only 16 days to go from a new all-time high, on February 19th, to a bear market, resetting the previous record of 28 days.

You may be wondering why it’s called a bear market.  The term bear market gets its name from the way a bear attacks its prey, swiping its paws downward. Similarly, the bull market, an upward trending market with an absence of a 20% decline, gets its name from the way a bull attacks, thrusting its horns into the air. The present bear market brought to an end the longest bull market in history at just over 11 years, almost to the day.  And here’s the kicker… both bull and bear markets are arbitrary, made-up numbers to fit nicely in a box so we can understand them. To me, the decline we experienced from September to December of 2018, down 19.8%, sure felt like a bear market, although it did not technically qualify.  And, neither did April to December of 2011, when the equity markets fell 19.4%.   At this point, the definitions are irrelevant. The fact is the markets are down and so are our accounts. Read more

Low Valuations Imply Better Long-Term Performance

The dizzying volatility over the past few weeks has left all of our heads spinning as we wait for containment efforts in the United States and elsewhere to help slow new cases of COVID-19 (coronavirus). Public health is of course our primary concern. But beyond that, from an economic and market perspective, there are many difficult but important questions: Read more

3.10.20 The Correction Continues

I hope you and your family are well!  Yesterday, March 9th, was the eleventh anniversary of the final bottoming process of the bear market from 2007 to 2009.  How ironic that the world elected to celebrate this iconic anniversary with, you guessed it, another panic attack. Read more

Plan Ahead to Ease Travel Headaches

Waiting in a winding airport security checkpoint line is just one of many potential headaches today’s travelers experience. Worrying about what to pack, what kind of identification is required, and how much cash to bring are yet others. In order to help ease the stress level before and during your next trip, it might help to review some guidance from the officials who oversee our nation’s travel rules and regulations. Read more

How Your Health Can Impact Your Finances

Benjamin Franklin once quoted, “Early to bed, and early to rise, makes a man healthy, wealthy, and wise”—but the key to good health (and good financial health) involves far more than just getting enough sleep.For most people, health and finances are inextricably linked, and a deficit in one can quickly cause the other to suffer. Learn more about how your health and wellness can affect your financial situation, as well as some ways to help boost both your health and your bank account. Read more