Coronavirus Update: May 22, 2020 [Video]

May 22, 2020

Today, I'd like to give an update on the coronavirus pandemic, including its effects on the economy and markets. There was some good news on the pandemic front, with daily testing numbers continuing to rise. We didn’t see as much progress in the daily spread rate and the number of new cases, with both remaining relatively stable. Here, the results may be better than they look, as we didn’t get a bump in new cases even though the economy started to reopen. In fact, the economic reopening seems to be going better than many expected. The restaurant business has started to tick up, and mortgage applications have just about returned to 2019 levels.

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Is the Latest Coronavirus News Better Than It Looks?

May 21, 2020

This past week revealed a mix of improvement and stabilization in the COVID-19 pandemic. While testing continues to expand, the progress in slowing the spread rate and case growth has stalled, leaving both at levels consistent with the past two weeks. The number of active cases has started to grow again, which is a negative. Overall, conditions remain much better than they have been in recent weeks, but we did not see much, if any, additional progress in controlling the virus.

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Confessions of an ESG Investing Skeptic

May 20, 2020

Today’s post on ESG investing comes from Brian Price, senior vice president of investment management and research here at Commonwealthand a self-proclaimed ESG investing skeptic. Over to you, Brian!

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Value Vs. Valuation: A Dilemma for Emerging Market Investors

May 19, 2020

Brad here. One of the most common questions I get from investors is where to invest. Stocks, bonds, or something else? Are things different this time, and how should we react? And, perhaps most relevant, should we invest in the U.S. or abroad? Anu Gaggar, Commonwealth’s international analyst, spends her days thinking about how—and whether—to invest abroad, and this post provides a timely and very useful guide to how she is thinking about emerging markets. Thanks, Anu!

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Monday Update: Retail Sales and Industrial Production Plunge

May 18, 2020

Last week’s economic updates continued to show the devastating impact that shelter-in-place orders had on the economy in April, highlighted by historically bad retail sales and industrial production reports. This week will be relatively quiet for economic updates, with the focus on housing, the FOMC minutes, and the weekly initial jobless claims report.

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Coronavirus Update: May 15, 2020 [Video]

May 15, 2020

Today, I'd like to provide an update on the coronavirus crisis, including the economic and market implications. It was another good week in terms of controlling the virus, with the daily spread rate dropping to less than 2 percent for five days in a row. Plus, testing increased to more than 300,000 tests per day, and the number of new cases per day continued to decline significantly. Similar progress was seen on the economic front. Layoffs continued, but millions of people have started to return to work—one of the positive effects of the reopening process. Of course, risks remain, with a second wave of infections looming the largest. But the foundation of the economy is starting to be rebuilt.

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Progress on Several Fronts in Coronavirus Pandemic

May 14, 2020

Last week, we took a look at progress in the coronavirus pandemic since the start of April, which has been substantial. What I want to look at today is some very good news from the past week. We saw continued and even accelerated progress on several fronts with the pandemic and are almost into phase 2. For the economy, the rolling reopening has also started to show some positive effects. Financial markets, on the other hand, have had some volatility as the prospect of reopening turns into reality. So, here we go.

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