April 2020

Monthly Markets Memo - April 30, 2020

World Money Small.jpgby Dan Zalipski, CFA 

The market has staged a remarkable rebound off the March 23rd lows, aided by swift responses from the Fed and Congress to cushion the economic impact of the coronavirus pandemic. As of the time of this writing, the S&P 500 has recovered 28% from the recent low but remains down just over 10% on the year. The initial rebound has been surprisingly strong considering the jaw-dropping unemployment numbers and uncertainty around when the U.S. economy will be able to safely reopen. Our recent writings have covered the response from leaders, but with earnings season underway we are beginning to hear directly from the companies.

CARES Act - Tax Opportunities in 2020

Scan Alert Image.jpg By Matthew Emerson, CFP®

Our previous article, Breaking Down the CARES Act, overviews a few of the important planning topics created.  We continue by further reviewing a number of the tax planning opportunities that may prove beneficial to you.

Monthly Markets Memo - April 9, 2020

World Money Small.jpgby Dan Zalipski, CFA 

A recession may be likely, but could we see it turn into a depression?  A depression is defined as severe and prolonged downturn in economic activity, lasting three or more years with an annual GDP decline in excess of 10%.  No one expects this to linger three or more years.  A 10% decline in GDP could be possible, but the consequences at this point would have little impact beyond how we label this period in the history books.  Most market participants do not believe we are in for a 1930’s style depression.

Three Days of the Pandemic

Scan Alert Image.jpg by guest contributor J. Patrick Murphy, C.M., Ph.D.

Vantage Financial welcomes guest contributions.  Please know the information, opinions and forecasts expressed in the article below are presented from unassociated parties and do not necessarily reflect the opinions of Vantage Financial Partners Limited. ​
 

A Client's Story

My mother Arlene is 95 years old, lives by herself, drives herself to get groceries, go to church and work out at the gym twice a week. I called her to see if she was behaving herself and staying away from the coronavirus.

Market Minute - April 2, 2020

Circuit Breaker.jpg by Scott Rosenquist, CFA​

The markets gained some clarity over the past week as the U.S. Government took unprecedented steps to support a country in crisis.  The virus’s unpredictable impact on the economy translated into extreme market volatility, which in turn threatened the markets ability to operate.  Congress stepped in to address the economic impact by passing the CARES act, while the Federal Reserve enacted policies to ensure the markets continue to function properly.  The CARES act will provide roughly 2 trillion in economic support through a variety of measures.  Both the Fed and Congress have stated additional support may be needed.

Breaking Down the CARES Act

Scan Alert Image.jpg By Matthew Emerson, Jon Flaherty CFP®, Thomas Rueger J.D. CFP®

The latest major governmental action comes amid heightened uncertainty caused by the COVID-19 virus and subsequent economic chaos.  The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) is a $2T economic stimulus plan addressing the immediate fallout in the business world and in peoples’ personal finances, an attempt to cushion the impact of social distancing and the loss of work and business that it entails. There are five “groups” that will directly benefit from the package: individuals, large corporations, small businesses, state & local governments and public services.

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