Weekly Updates

Weekly Update: June 1, 2020 – Optimism for Re-Opening

June 1, 2020


Table of Contents



Featured Article: Optimism for Re-Opening


Economic Calendar


Quote of the Week


Recipe of the Week: Salad Rolls


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Optimism for Re-Opening

The shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains.

The Dow Jones Industrial Average rose 3.75%, while the Standard & Poor’s 500 advanced 3.01%. The Nasdaq Composite Index climbed 1.77% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, gained 6.18%.

Returning from Memorial Day weekend, stocks surged on rising optimism over economic re-opening, declines in new infections, and progress in the…

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Weekly Update: May 26, 2020 – Markets React to Positive Outlook

May 26, 2020


Table of Contents



Featured Article: Markets React to Positive Outlook


Economic Calendar


Quote of the Week


Recipe of the Week: Vegetarian Chili


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Markets React to Positive Outlook

Upbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.

The Dow Jones Industrial Average rose 3.29%, while the Standard & Poor’s 500 advanced 3.20%. The Nasdaq Composite index climbed 3.44% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, gained 3.87%.

The markets surged higher to open the week, buoyed by a Sunday night “60 Minutes” interview with Fed Chair Jerome Powell, who said that the Federal Reserve would do everything necessary to support economic recovery. Rising oil prices and…

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Weekly Update: May 18, 2020 – Powell Somber on Recovery

May 18, 2020


Table of Contents



Featured Article: Powell Somber on Recovery


Economic Calendar


Quote of the Week


Recipe of the Week: Bread Pakora


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Powell Somber on Recovery

Stocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell’s unsettling comments on the economy and signs of renewed tensions with China.

The Dow Jones Industrial Average fell 2.65%, while the Standard & Poor’s 500 retreated 2.26%. The Nasdaq Composite Index slipped 1.17% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, slid 3.66%.

Stocks moved lower throughout most of last week on worries that the emerging economic reopening might accelerate the spread of COVID-19. Comments by Fed Chair Powell added to the downside pressure when he expressed concern about the…

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Weekly Update: May 11, 2020 – Jobs Down, Stocks Up

May 11, 2020


Table of Contents



Featured Article: Jobs Down, Stocks Up


Economic Calendar


Quote of the Week


Recipe of the Week: Croissants


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Jobs Down, Stocks Up

Despite a historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings, both here and abroad.

The Dow Jones Industrial Average gained 2.56%, while the Standard & Poor’s 500 advanced 3.50%. The Nasdaq Composite Index jumped 6.00% for the week. The MSCI EAFE Index, which tracks developed overseas stock markets, slipped 1.09%.

Last week’s trading was driven by a crosscurrent of emotions — worries about weak corporate earnings pace of business re-openings as well as optimism over the pickup in economic activity and progress on developing a…

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Weekly Update: May 4, 2020 – Economic Normalization Near?

May 4, 2020


Table of Contents



Featured Article: Economic Normalization Near?


Economic Calendar


Quote of the Week


Recipe of the Week: Celebration Chocolate Cupcakes


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Economic Normalization Near?

Stock prices ended the week slightly lower, despite news of positive results from a test trial of a COVID-19 drug treatment and several states easing their economic lockdowns.

The Dow Jones Industrial Average slipped 0.22%, while the Standard & Poor’s 500 lost 0.21%. The Nasdaq Composite Index dropped 0.34%. The MSCI EAFE Index, which tracks developed stock markets overseas, rose 4.34%.

Investors were emboldened last week by two significant developments: a quickening in the pace of state re-openings and positive results from a clinical trial of pandemic treatment. These developments turned investor focus toward…

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Weekly Update: April 27, 2020 – Markets React to Oil Prices

April 28, 2020


Table of Contents



Featured Article: Markets React to Oil Prices


Economic Calendar


Quote of the Week


Recipe of the Week: Classic Tomato and Bread Soup


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Markets React to Oil Prices

Stock prices bounced around last week as investors reacted to wild swings in the price of oil and reports that called into question the efficacy of two potential virus treatments.

The Dow Jones Industrial Average retreated 1.93%, while the Standard & Poor’s 500 lost 1.32%. The Nasdaq Composite Index slipped 0.18%. The MSCI EAFE Index, which tracks developed overseas stock markets, declined 1.21%.

Stocks opened the new week lower on the heels of a plunge in oil prices that saw the May oil futures contract fall into negative territory. While negative prices were largely reflective of technical issues associated with trading the…

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Weekly Update: April 20, 2020 – First Post-COVID-19 Data Arrives

April 21, 2020


Table of Contents



Featured Article: First Post-COVID-19 Data Arrives


Economic Calendar


Quote of the Week


Recipe of the Week: Marinated Beef Kebabs


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


First Post-COVID-19 Data Arrives

Stock prices pushed higher last week as news of a White House plan to reopen the economy and reports of a potential COVID-19 treatment helped the market overcome weak economic data and an ugly start to the corporate earnings season.

The Dow Jones Industrial Average rose 2.21%, while the Standard & Poor’s 500 advanced 3.04%. The Nasdaq Composite Index gained 6.09% for the week. The MSCI EAFE Index, which tracks developed overseas stock markets, slumped 1.75%.

Until last week, the extent of the economic damage from COVID-19 lacked a lot of hard data. With the release of…

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Weekly Update: April 13, 2020 – Markets Rally

April 13, 2020


Table of Contents



Featured Article: Markets Rally


Economic Calendar


Quote of the Week


Recipe of the Week: Seared Scallops


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Markets Rally

The stock market staged a broad rally this week, buoyed by the prospect that COVID-19’s grip on the nation may be easing and news of another Federal Reserve program to help stabilize businesses.

The Dow Jones Industrial Average jumped 12.67%, while the Standard & Poor’s 500 climbed 12.10%. The Nasdaq Composite Index rose 10.59% for the week. The MSCI EAFE Index, which tracks developed overseas stock markets, advanced 6.32%.

Market sentiment took a more hopeful turn on news of an apparent peaking of cases in Italy and New York State. Investors also welcomed comments by Dr. Anthony Fauci that the start of a…

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Weekly Update: April 6, 2020 – Special Update: Quarterly Report

April 6, 2020


Table of Contents



Featured Article: Special Update: Quarterly Report


Economic Calendar


Quote of the Week


Recipe of the Week: Mozzarella Party Skewers


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Special Update: Quarterly Report

Modest declines in stock prices this week masked the volatile inter- and intraday price swings as investors digested poor economic data and a warning from the president that the worst days of the COVID-19 pandemic may still lie ahead. The Dow Jones Industrial Average slipped 2.70%, while the Standard & Poor’s 500 dropped 2.08%. The Nasdaq Composite Index declined 1.72%. The MSCI EAFE Index, which tracks developed overseas stock markets, slid 2.76%.

The spread of COVID-19 sent stocks tumbling in the first quarter as health and economic costs of the pandemic began to mount. Stocks remained under pressure, despite the Federal Reserve’s lowering of short-term interest rates and the government’s stimulus efforts through the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. The DJIA sank 23.2% and the S&P 500 dropped 20% on the quarter. The COVID-19-related volatility in the market has left all but a handful of sectors in a prolonged period of uncertainty. With millions of Americans staying at home in an effort to “flatten the curve” of COVID-19’s impact on people, businesses are coping with closing for the duration, altering practices, or facing staffing issues.

The oil market dominated the commodities headlines during the first quarter. The failure of Russia to join Saudi Arabia in supporting…

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Weekly Update: March 30, 2020 – Congress Approves Stimulus

March 31, 2020


Table of Contents



Featured Article: Congress Approves Stimulus


Economic Calendar


Quote of the Week


Recipe of the Week: Violet’s Blueberry Cake


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Congress Approves Stimulus

An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a $2 trillion aid package improved investor sentiment and drove a strong rally in stock prices.

The Dow Jones Industrial Average jumped 12.84%, while the Standard & Poor’s 500 gained 10.26%. The Nasdaq Composite index rose 9.05% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, increased by 12.03%.

A stunning string of Federal Reserve initiatives and the passage of a $2 trillion aid bill buoyed stocks this week, with the Dow Jones Industrial Average jumping by over 11% on Tuesday, its best day since 1933. Stocks continued to strengthen the following day, registering their first…

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