Breaking Down the 2020 CARES Act

Understanding the $2 trillion stimulus package.  As you likely know, the federal government, led by Congress and signed into law by President Trump, recently passed a stimulus bill to help those affected by the devastating COVID-19 outbreak.  It is known as the...

The Equity Market: Q2 2019

In reversing some of the steadier seas seen in the first quarter, the second quarter of 2019 marked a return to a volatile environment more closely resembling the tail end of 2018. Despite a peak-to-trough decline in the S&P 500 in May (by about 7%), little...

The Bond Market: Q2 2019

About mid-June I received an interesting question from a colleague at Howe & Rusling—one that probably could have come at any point over the past few months, but with the end of the quarter looming, it seemed the perfect time. Retail sales growth picked back up....

Q1 2019 Equity Market: Cautiously Optimistic

The first quarter of 2019 was certainly easier to stomach than the one prior in which we experienced a dramatic sell-off to finish 2018. Refreshingly, the S&P 500 Index finished the first quarter up over 13%, recouping nearly all of its losses from the fourth...

Q1 2019 Bond Market: 1st Quarter Overview

The fixed income markets certainly started off 2019 on the right foot. To use an old saying generally reserved for the month of March (though this is a quarterly commentary), the first quarter came in like a lion. The first two weeks of 2019 saw 10-year Treasury...

Q4 2018 Bond Market: Fourth Quarter Overview

John Trentacoste What a way to end a year. As the third quarter was ending, it seemed everyone was expecting yields to continue the slow ascent for the final three months of 2018. The Federal Reserve had just raised the overnight fed funds rate for the third time in...