The Independent Market Observer

Coronavirus Update: October 16, 2020 [Video]

October 16, 2020

Today, I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, the pandemic remains under control at the national level, but state-level outbreaks are getting worse. Multiple states have seen case growth accelerate, to the point that some health care systems are at risk. This is something we need to watch.

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Coronavirus Update: October 2, 2020 [Video]

October 2, 2020

Today I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, the news was mixed. Although the pandemic remains under control, the case count continues to rise, as post-Labor Day infections register and as schools and universities reopen. Still, the number of tests has increased, and it now appears to be approaching the needed levels.

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Market Thoughts for October 2020 [Video]

October 1, 2020

September was a tough month for the markets. They began the month with a drop and ended with everything down, but by much less than feared. The economic news was better, with improved data from the labor market and consumer confidence bouncing back. Business confidence and investment were also healthy.

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Coronavirus Update: September 18, 2020 [Video]

September 18, 2020

Today, I'd like to provide an update on the coronavirus, including the economic and market implications. This week, we had some mixed news on the medical front. Although the pandemic remains under control, case counts have started to rise again, as post-Labor Day infections begin to register and as schools and universities reopen. Still, case growth remains well below July and August levels, and the positive test rate has continued to decline and is now around the recommended 5 percent level.

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Market Thoughts for September 2020 [Video]

September 1, 2020

August was a very good month for the markets. The Nasdaq and S&P 500 reached new highs, and investors continued to move back into the markets. We also saw infection numbers decline, and the economic recovery started to regain strength. Consumer confidence looks to have bottomed, and wage growth has ticked up again, supporting spending growth.

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Coronavirus Update: August 28, 2020 [Video]

August 28, 2020

Today, I'd like to give an update on the coronavirus, including the effects on the economy and markets. On the pandemic front, we’ve had some good news. Case growth is down significantly, and the case growth rate is below the lows seen in mid-June. Further, outbreaks in most states have been contained, although there are emerging worries in the Midwest. Testing does remain a weak spot, as the number of tests has trended down and the positive rate remains well above what it should be. Nonetheless, the big picture is that, for the moment, the pandemic is under control.

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Coronavirus Update: August 14, 2020 [Video]

August 14, 2020

Today, I'd like to provide an update on the coronavirus, including the effects on the economy and markets. We had some good news on the pandemic front this week, with the virus now back under control. Nationally, the daily spread rate is down to around 1 percent per day, and the daily number of new cases has held steady at about 55,000. Plus, the data shows that outbreaks are being contained in most states. One area of concern is testing. The number of tests has trended down over the past two weeks, and the positive rate remains well above what it should be.

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