Why Is the Stock Market Rallying When the Economy Is So Bad?
I have been reading this article from The Wall Street Journal for a week or more, updated as the market continues to rise. A client also sent it to me Sunday, which inspired me to share it. Bottom line: the markets seem to expect a relatively fast recovery for now....
Learning to Cope
Would you rather listen to this month’s client letter? Download “Learning to Cope” from our podcast. As we enter the next phase of the coronavirus event, we are in uncharted territory. We are not out of the woods yet, and we may make mistakes and...
We’re All in this Together – Let’s Give Back!
I am the wife of an essential worker, the daughter of an essential worker, the sister of an essential worker, a mother of two children under the age of three and committed to a firm that I view as family. These past few weeks have been hard, but the support and sense...
Innovation in the Time of COVID-19
This article from CNBC.com highlights the innovation at work as technological solutions to help many aspects of the pandemic are quickly coming to market and having important real-time impact. From using artificial intelligence to track the spread of the virus to...
Some Things Don’t Change – Scammers and COVID-19
In times of uncertainty, there’s a comfort to the familiar and expected. The smell of coffee in the morning, your favorite shirt or pair of pants, the view out your window. Unfortunately, the familiar scammers trying to take advantage of current events is continuing...
First Quarter 2020 Market Overview
The beginning of the year feels like so long ago that it may be hard to remember investors entered January with a sense of optimism. The US and China had made real progress in resolving trade disputes and many hoped that we had seen an end to “headline-driven” market...
The CARES Act **Updated**
The recently-passed $2.2 trillion CARES Act is packed with provisions aimed at providing much-needed relief to individuals and small businesses who have been negatively impacted by COVID-19. This article highlights those provisions that we believe are relevant and...
Two Crises and Long-Term Changes
Our friend Mohamed El-Erian¹ has been writing, tweeting and appearing on business shows at a record pace lately, for obvious reasons. As our readers know, we have followed him since his days running the PIMCO Emerging Markets Bond Fund in the 1990s. Without...
The End of the Beginning?
This Coronavirus crisis has been compared to war, and rightfully so. Our people are under attack, and how well we fight may in large measure determine how long it takes to achieve victory and how many casualties we will suffer. We had some important developments in...
We Have a Deal…Now What?
As we face the most brutal phases of the COVID-19 outbreak in New York and throughout the country, we are concerned for your health, safety and how you are coping with the situation. Of course, we are fully engaged with the economic and financial market fallout of...
