Tomorrow (Thursday, July 30) we will get the first look at the second-quarter GDP data, and it’s going to be one for the record books. The median estimate is for a decline of approximately 35%. Given that the government only began tracking GDP in 1947 (after the Great Depression), this reading will most likely be… Read More

Following the worst quarter for US stocks since the end of 2008, we have managed to tally the best quarter in 23 years, with the S&P 500 up 20.5% in the second quarter (including dividends). Since 1949, this was the fourth-best quarter – which followed the fifth-worst quarter. 2020 Q2 also featured impressive performance from… Read More

Reading is a great escape for any time of the year, but there’s still nothing like enjoying a good book out in the sun. It’s no secret that our team is full of avid readers, so we wanted to share some of our recent favorites. For each book, we’ve included purchase links for Amazon, Audible,… Read More

The May jobs report from the Labor Department surprised economists this morning – but this time, in a good way. Economists surveyed by the Wall Street Journal had expected a loss of 8.3 million jobs, which would have put the unemployment rate near 20%. Instead, the Labor Department’s establishment survey reported payrolls ROSE by 2.5… Read More

One of the far-reaching impacts of the nationwide shutdown due to the coronavirus has been on interest rates. The sudden slowdown in economic growth, the Fed’s emergency monetary policy, low inflation, and longer-term growth trends have collectively pushed Treasury yields to historic lows, which tends to frustrate investors. And while the economy is beginning to… Read More