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Tips to Boost our Chances to Stay Healthy

Wednesday, March 25, 2020

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Many of us are taking the necessary steps to stay healthy and avoid contracting the COVID-19 illness. Below is a series of actions we can implement right now to further boost our chances of staying healthy. Stay active Get 30-45 minutes of activity 5 times per week. You don’t need to run or perform strenuous exercise. You can go for a walk. One great suggestion I read this week is walk fast for the length of one song and then walk slower for the next song. These small intervals will help get your heart rate up and then help you…

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March 15th FOMC Follow-Up

Tuesday, March 17, 2020

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Extraordinary Market Events: Implied and realized volatility in both stocks and bonds has ramped to levels not seen since the global financial crisis. Equity markets officially entered bear market territory, with key benchmarks down over 20% from mid-February highs. The entire US Treasury yield curve briefly traded below 1%, as the 10-year bond breached 0.40% and set all-time lows. Oil has fallen 48% year-to-date as a pricing war between Saudi Arabia and Russia compounds global demand concerns. Aggressive Monetary Policy Response: 2/28/20 – In a short statement, Chair Powell acknowledged how “the coronavirus (COVID-19) poses evolving risks to economic activity,”…

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Organizing Financial Records – Elder Care and Finances Series

Friday, March 13, 2020

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This is our next blog in a series about how to plan and care for our aging loved ones. In this piece, we offer tips and advice on how to gather and organize financial records, documents and information. Organizing Financial Records Many of us don’t have our financial documents and information organized nor conveniently accessible in one place. Now, think about having to do that for a parent or aging loved one. It can be a big task. The goal is to get organized, so income, assets, spending, liabilities, key documents, and key advisors’ contact information are all easily accessible…

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Monthly Market Update for February 2020

Thursday, March 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: Despite risk-on sentiment that drove stocks to record levels in the first half of the month, it was a dramatic “leap” in volatility that ultimately defined the investor experience in February. Though seemingly under control in China, concerns of the expanding global effect of the coronavirus epidemic drove key equity benchmarks into correction territory as the month ended with the worst one-week loss since 2008. Markets reacted to the…

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Federal Reserve Cuts Rates Amid Coronavirus Concerns

Tuesday, March 3, 2020

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The Federal Reserve cut interest rates today by half percentage point amid concern the coronavirus outbreak could threaten the US economy.  It is the first emergency move like this since 2008. “The fundamentals of the U.S. economy remain strong,” a statement from the Federal Reserve said. “However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent.” It continued,…

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