48 Search Results for: covid

  • Giving to Charity for the Holidays, Even though It’s 2020

    Posted on December 3, 2020

    Chances are, between basting the turkey and watching the football during the holidays, you’ll find yourself giving to the causes and organizations you believe in. In the U.S., 30% of the year’s charitable giving is done in December, and 10% of the annual giving is just in those last three days of the year!

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  • Market Commentary: Dow and S&P Set Records, but Unemployment Still Rising

    Posted on November 30, 2020

    The economy seems poised to decelerate in coming weeks as data showed slowing economic improvement or outright reversals of the recovery. Income data was mixed. Disposable income fell 0.8% in October as government programs expired. Gains in employment pushed employee compensation up 0.7% as more people returned to work.

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  • Market Commentary: Rise in COVID-19 Cases Leads to Market Dip Before Holiday Shopping Season

    Posted on November 23, 2020

    Retail data were mixed last week. U.S. retail sales rose 0.3% in October and are now 5.7% higher than one year ago. But as Figure 1 shows, the increase was the smallest since the recovery began. Increased coronavirus cases in October likely pressured purchases lower and moved consumers online. Non-store retailers reported a 3.1% increase in sales.

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  • Market Commentary: Markets Respond Favorably to News of Second Vaccine’s Positive Results

    Posted on November 16, 2020

    Special Update A second COVID-19 vaccine announced very positive results in its initial trial. A biotechnology company announced Monday their COVID-19 vaccine was more than 94.5% effective. The study also showed there were few side effects observed in the vaccine trial. The effectiveness is very high and will likely give the world two vaccines to start protecting people in coming months.

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  • Market Commentary: COVID-19 Vaccine Shows Positive Results and Market Soars Even After Tight Election

    Posted on November 9, 2020

    Special Update The first COVID-19 vaccine to announce results reported very positive data early Monday morning. Two notable pharmaceutical and biotech companies announced on Monday their COVID-19 vaccine was more than 90% effective. The study also showed there were no side effects observed in the vaccine trial. The effectiveness is higher than many medical experts expected and represents a major step forward in efforts to contain the virus. News on other vaccine trials is expected in coming weeks and months.

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  • How the Results of the Election Could Impact the Markets and Your Financial Plan

    Posted on November 5, 2020

    The votes have been cast and now it’s a waiting game. Our country now faces days of a counting, recounting, accusations, potential lawsuits and a runoff election or two. Only then will we know the results of the 2020 election.

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  • Your Year-End Tax Checklist, Plus a Few Extras for 2020

    Posted on November 5, 2020

    A lot of us have been in the attic lately, putting away the ghosts and skeletons from Halloween and dusting off the holiday decorations. While you’re up there, can you find your year-end tax checklist?

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  • Market Commentary: Uncertainty with Election, Pandemic Cause 5.6% Drop in S&P 500.

    Posted on November 2, 2020

    Last week, markets moved less on the recovery of today and more on the uncertainty of tomorrow. U.S. GDP increased 33.1% (see Figure 1) after a massively negative report last quarter. Strong growth in consumer spending provided the biggest push to the overall economy. Earnings also continued to improve. Originally forecasted to drop 21.1%, strong earnings from internet-based businesses cut the expected dip to 9.8%.

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  • Market Commentary: Unemployment Continues Slow Recovery as U.S. Corporations Beat Earnings Expectations

    Posted on October 26, 2020

    The lack of progress on a federal stimulus bill weighed on markets last week while economic and earnings data provided investors some good news. Initial unemployment claims finally dipped below 800,000. The improvement and adjustments to previous weeks’ estimates suggest the labor market is continuing to recover. Corporate earnings also provided a positive surprise. While many companies are still to report, initial results show 84% of S&P 500 companies are beating estimates.

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  • Market Commentary: Retail Sales Spike, but Unemployment Claims Still on Rise

    Posted on October 19, 2020

    Retail sales rebounded as U.S. consumers continued to put salaries and money left over from the CARES Act into the economy. Retail and food service sales surged 1.9%, more than doubling expectations of 0.8%. The gains raised overall retail sales 5.4% above year-ago levels as consumers make up for consumption lost during the early days of social distancing (Figure 1).

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