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Monthly Market Update for October 2020

Thursday, November 12, 2020

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: The US and Euro-area economies both soared to record GDP growth in the 3rd quarter following the previous quarter’s record declines. More recent indicators paint a gloomier picture as the coronavirus continues to surge, threatening additional lockdowns. Fed policy is likely to remain accommodative for the foreseeable future, but any new fiscal support has been delayed until after the election. Controlling the virus will ultimately be the key to…

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2020 – The Election

Monday, November 9, 2020

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Background Joe Biden secured the majority of the electoral college votes (exceeding 270) to become President-Elect. Currently, it seems likely that Republicans will maintain control of the Senate and Democrats will hold majority in the House of Representatives. A split Congress should lead to continued gridlock, making it more difficult for the new administration to speedily enact its full agenda. However, outstanding votes in Georgia could still swing the Senate back toward Democrats. Regardless of the outcome of the elections, the immediate task for the new President will be managing the nation’s economic recovery from the COVID-19 pandemic. Below, we…

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Day to Day Financial Management – Elder Care Series

Thursday, October 15, 2020

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This is our next article in a series about how to plan and care for our aging loved ones. In this piece, we discuss the potential day to day financial management assistance our parents, or aging loved ones, may need as they age. Below are questions we use with our clients to help guide discussions and provide advice. What are their sources of income? The easiest place to start here is with their tax return. The tax return tells all. We can quickly look at social security, pensions, what accounts are generating interest, dividends, capital gains, IRA distributions, etc. What…

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Monthly Market Update for September 2020

Wednesday, October 14, 2020

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: The US economy continues to rebound from the pandemic-induced recession but faces a new hurdle as Commerce Department figures show personal income falling with the expiration of government aid. Countries around the world continue to grapple with increasing case counts and new lockdowns. Fed policy is likely to remain accommodative for the foreseeable future, but new fiscal support remains elusive as Congress has failed to reach an agreement. Controlling…

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2020: An Election Year Like No Other

Wednesday, October 14, 2020

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Is History Any Guide?  We find ourselves in the fall of 2020 preparing for a general election with a historically unique set of circumstances: a global pandemic, an economic recession, the fastest equity market correction (and subsequent recovery) on record, multiple natural disasters, and social unrest. And if that wasn’t enough, we face the potential for a contested election outcome, which could add to market volatility through year end. Can history be of any use in such a year?  While no previous election year contains all of these same variables, we can find some insights by examining the individual effect…

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