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If you happened across a news show or website today, you likely saw breaking news about oil prices crashing. Here are a few that I saw today: Oil crashes….price goes negative (CNN) Oil prices plummet (New York Times) Oil drops below $0, signaling an extreme collapse in demand (Washington Post) Barrel prices plunge to below zero as coronavirus [...]
Yesterday marked the beginning of earnings season for the January/March 2020 quarter. Such backward-looking data does not tell us much about what is happening now or what may happen in the coming months, but we can glean bits of information about the health of corporate America. Below are several bullet points – things you can [...]
While the market continues its unsettled and very unsettling behavior, other developments from Federal and State governments are springing into action to help the current situation. Below is some information I received from our CPA this morning. It is good news. Please confirm this information with your CPA, especially since various states are likely to [...]
You may remember prior posts when I talked about corrections being a process and part of that process is finding a bottom. We look for signals that suggest we are at or near the bottom. Here are three that offer some encouragement. The market tends to find bottoms that align with previous market bottoms. Areas [...]
The markets continue to ping-pong – up 1,000 / down 1,000 – rattling the nerves of investors and bystanders alike. Each day is a mirror of the previous. Everyone seems to be trying to handicap the impact of the coronavirus on the global economy. Throw in a price war over crude oil (usually a positive [...]
The markets are trading sharply lower this morning and undoubtedly you have heard the news media screaming about plunging oil prices and an expanding numbers of cases of coronavirus and quarantines. It can all be quite unsettling for sure, but know we are monitoring the situation very closely and will get in touch if we [...]
As you are likely aware, the market is trading lower again today on worries related to the coronavirus. And now you will see the news media running “breaking news” stories about a market correction. As I have written in the past, the market experiences downward, and often dramatic, moves lowers on a somewhat frequent basis. [...]
As you are probably aware, the market sold off on Friday and is selling off again today. As I write, the S&P 500 is down almost 1.5% for the day and is roughly 2.5% below the all-time high set last week. Worries about the coronavirus in China seem to be at the heart of the [...]
You may have already heard that year-end legislation to fund the government included changes to retirement savings law. The following chart offers an overview of what we know (or believe) to be true with respect to the new law. As with most legislation making such sweeping changes, the details, and implications for investors (pre- and [...]
I know you just heard from me a few days ago and a new email so soon should not be interpreted with alarm. Instead, my intent is to provide some additional perspective on a December we all hope to soon forget. I continue to believe that this market downturn, which began in early October and [...]
