I appeared on Yahoo Finance’s The Final Round to discuss the impact of coronavirus on the market. Listen in to hear more.
I appeared on Yahoo Finance’s The Final Round to discuss the impact of coronavirus on the market. Listen in to hear more.
April 24, 2020
Today, I'd like to discuss where we are in the coronavirus crisis and what that means for the economy and markets. We’ve seen significant progress in terms of the virus, with the daily case growth rate dropping below 4 percent for several days in a row. Further, the number of tests given has risen from about 150,000 to 300,000 per day. As we turn to the economy, the news is more of a mixed bag. Jobless claims are still very high, although this damage may have started to peak. Plus, with measures like the Paycheck Protection Program and stimulus checks, both individuals and businesses are getting some much-needed relief.
Is the recent market stumble something to worry about? I discuss this and more on CNBC’s The Exchange.
April 22, 2020
Today, I'd like to take another look at where we are with containing the COVID-19 pandemic. Since last week, there has been real progress on many fronts, although concerns remain.
April 21, 2020
Now that it looks like the coronavirus is starting to come under control (and I will do another update here tomorrow), it is time to think about what is coming next for the markets. We have had the fastest onset of a bear market in history, followed by the fastest recovery into a bull market in history. This kind of volatility is, well, historic. But since it is unprecedented, we can’t really look back at history for guidance as to what happens next.
April 17, 2020
Today, I'd like to provide an update on the coronavirus crisis, including its effects on the economy and markets. With regard to the virus itself, we’re seeing signs of progress. This week, the daily spread rate dipped below 5 percent, and the number of new cases per day started to stabilize. With this good news on the pandemic front, the focus is shifting to how to reopen the economy. Here, the news is not as good. With more than 22 million jobs lost over the past several weeks and many businesses remaining closed, the damage is mounting.
April 15, 2020
My colleague Sam Millette, senior investment research analyst on Commonwealth’s Investment Management and Research team, has helped me put together this month’s Market Risk Update. Thanks for the assist, Sam!
April 14, 2020
Some good news to report today: the coronavirus curve has been flattened. Now, you might wonder how I can say this when the cases continue to rise. In fact, no one has really come up with a definition of what “flattening the curve” means. So, from my perspective, it’s when the daily case growth rate declines enough that, despite the increased base of cases each day, the number of new cases declines. That scenario has now happened for several days in a row.
April 10, 2020
My colleague Sam Millette, senior investment research analyst on Commonwealth’s Investment Management and Research team, has helped me put together this month’s Economic Risk Factor Update. Thanks for the assist, Sam!
April 9, 2020
Today, I'd like to look at where we are in the coronavirus crisis, including the economic and market implications. As the virus continues to move across the country, we can expect April to be a tough month. At the same time, there has been some positive news regarding the pandemic itself. The spread rate has dropped significantly over the past week, demonstrating the measures we’ve put in place seem to be working. But on the economic side, the news is not so good. We’ve lost more than 16 million jobs in the past three weeks. On top of that, both businesses and consumers have started to pull back. Fortunately, government programs are now being implemented, which may help mitigate the damage in the weeks ahead.
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