


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....
Not Your Father’s USO Show
This week the oil markets experienced the most unusual collapse ever. There was hope that oil prices would stabilize after the April 13 announcement of OPEC+ production cuts, which are set to take effect May 1. However, the almost 30% drop in global demand from the...
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...
The CARES Act **Updated**
Listen to a related podcast featuring Karl Schwartz here as he talks about the SECURE and CARES Acts. 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...
Wellness Tips for a Stressful Time
During this volatile time in the markets, I found this message, sent to patients at Stanford to be really helpful. It also has some practical ideas. Stay healthy and I hope you find this useful. Clari Mindfulness Platforms like Calm and Headspace have made content...
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...
The Key to Long-Term Success
At some point in the future, hopefully very soon, the worst of this will be over and we will better understand how serious it was/is/will be. As we work from home and stay safe, we want to stay in close touch with our clients and our friends and professional...
Four days in February
Monday seems like a long time ago. We sent out a letter about the Coronavirus Monday, and since then we have seen significant declines in equities and more news about the Coronavirus spreading. Thursday the Dow fell nearly 1200 points, sliding into “correction...
An Update On COVID-19 and the Outbreak’s Impact on the Markets
Coronavirus: COVID-19 U.S. equity indices fell sharply Friday and again this morning after hitting new record highs last week. And interest rates fell yet again, with the 10-year Treasury yield hitting 1.37% and the 30-year Treasury yield setting an all-time record...
Coronavirus: COVID-19
U.S. equity indices fell sharply Friday after hitting new record highs midweek. And interest rates fell yet again, with the 10-year Treasury yield below 1.5% and the 30-year Treasury yield hitting an all-time record low well below 2%. Every day we see headlines about...