The Independent Market Observer

Appearance on Yahoo Finance's The Final Round, April 28, 2020 [Video]

April 28, 2020

I appeared on Yahoo Finance’s The Final Round to discuss the impact of coronavirus on the market. Listen in to hear more.

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Monday Update: Lowered Expectations Lead to Better-Than-Expected Results

April 27, 2020

The economic data released last week largely came in above forecasts, primarily due to very low expectations by economists rather than significantly better economic activity. This week will be another busy one. We’ll get our first look at first-quarter GDP growth, the personal spending and income reports for March, and the weekly initial jobless claims report. Updates on consumer and manufacturer confidence will also be highlighted.

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Coronavirus Update: April 24, 2020 [Video]

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.

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Appearance on CNBC's The Exchange, April 23, 2020 [Video]

April 23, 2020

Is the recent market stumble something to worry about? I discuss this and more on CNBC’s The Exchange.

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A Historic Collapse in Crude Oil Prices

April 23, 2020

Brad here. Today, my colleague Nate Parker, senior investment research analyst on Commonwealth’s Investment Management and Research team, provides insights on the oil markets and why U.S. prices recently dropped into negative territory. Enjoy!

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Real Progress in Coronavirus Crisis, But Concerns Remain

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.

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Where Do the Markets Go from Here?

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.

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Monday Update: Historically Bad Week for Economic Data

April 20, 2020

The economic data released last week came in largely worse than expected, highlighting the very real headwinds the economy is facing with the majority of the country effectively shut down. March’s retail sales and industrial production reports were two of the most disappointing releases, but the weakness was widespread. This week will again be packed with important reports, with highlights on housing sales, business and consumer sentiment, and business spending. We’ll also look closely at the weekly initial unemployment claims.

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Coronavirus Update: April 17, 2020 [Video]

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.

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Is There a Silver Lining to the Jobless Claims Numbers?

April 16, 2020

Brad here. In today's post, Peter Essele, vice president of investment management and research, provides some perspective on the latest jobless claims numbers—and what we might expect going forward.

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November 19, 2025

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