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Monthly Markets Memo - June 23, 2020

World Money Small.jpgby Dan Zalipski, CFA 

The S&P 500 is within reach of breaking even for the year as states begin to lift restrictions and reopen their economies.  Economic data is beginning to surprise to the upside and investors are increasingly convinced the worst of this pandemic shock is over.  There are concerns the market may be getting ahead of itself as a significant amount of uncertainty remains.

Market Minute - June 9, 2020

Circuit Breaker.jpg by Scott Rosenquist, CFA​

Employment data released last week surprised to the upside as the Bureau of Labor Statistics (BLS) reported 2.5 million jobs were added last month while the unemployment rate declined to 13.3% from 14.7%. 

Unemployed or Furloughed - Now What?

Emergency Fund Image.jpg by Jon Flaherty

Since March 20th, the U.S. Labor Department has recorded around 39 million initial unemployment claims through the middle of May.  The unemployment claims have been trending down, but for nine weeks and counting the number of initial jobless claims has been in the millions each week.  While states are starting to reopen, it could still take some time for jobs to fully recover.

Monthly Markets Memo - May 22, 2020

World Money Small.jpgby Dan Zalipski, CFA 

It is likely that several aspects of our everyday life will be permanently changed in a post-pandemic world.  Even so, Americans are eager to get back to something that resembles ‘normal’ as states begin to loosen restrictions and reopen their economies.  With all the uncertainty surrounding how and to what degree our economy will return, one fact remains uncontested: our economic recovery rests squarely on the shoulders of the American Consumer.

The Unexpected Rebound

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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. This article is shared as general information only and should not be considered advice.​

By Bob Veres with Insider Information

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

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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.

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