The Markets May 26, 2020 It was a good week for stock markets in the United States, but there was trouble in Asia. U.S. stock markets rallied last week. The Dow Jones Industrial Average, Standard & Poor’s 500 Index, and Nasdaq Composite all gained more than 3 percent, reported Ben Levisohn of Barron’s. Investors had […]
There are signs COVID-19 may be in retreat.Last week, the Centers for Disease Control reported, overall in the United States, for the week ending April 25 (officially week 17 of the coronavirus), the number of:• People visiting healthcare providers with COVID-19 symptoms declined.• Positive tests at public health, clinical, and commercial laboratories declined or remained […]
We live in interesting times.There is discussion about whether the saying, “May you live in interesting times,” is a blessing or a curse. At this point in 2020, we all understand why.Last week, the world watched in consternation as the price of oil, specifically West Texas Intermediate crude oil, dropped into negative territory. The price […]
The Markets= April 20, 2020 Last week’s economic data was about what you might expect in the midst of a virus crisis that has shut down businesses and forced people to stay home: • Retail sales were down 8.7 percent in March. Retail sales track demand for everything from clothing to refrigerators. The March decline […]
The markets- Fundamentals, Monetary Policy and Fiscal Policy and recap of last week
March 30, 2020The MarketsThe United States set some records last week.First, we became the epicenter of the COVID-19 pandemic. Popular Science explained:“An increase of 15,000 known cases in just one day pushed the United States past Italy and China, making it the new epicenter of the pandemic…Experts suspect the actual number of U.S. cases is […]
The impact of measures taken to fight the spread of COVID-19 on companies, financial markets, and the economy is difficult to quantify at this point.
March 16, 2020The MarketsLast week was one for the history books.Mid-week, the World Health Organization (WHO) declared coronavirus a global pandemic. At the time, there were more than 118,000 cases in 114 countries, and the death toll exceeded 4,000 people. On Friday, the Centers for Disease Control (CDC) reported 46 states and the District of […]