Weekly Updates

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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Weekly Update: March 23, 2020 – More Coronavirus Volatility

March 23, 2020


Table of Contents



Featured Article: More Coronavirus Volatility


Economic Calendar


Quote of the Week


Recipe of the Week: Lemon Pound Cake


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


More Coronavirus Volatility

The stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy responses from the federal government did not keep stocks from recording losses for the week.

The Dow Jones Industrial Average slumped 17.3%, while the Standard & Poor 500 lost 14.98%. The Nasdaq Composite index declined 12.64% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, fell 6.64%.

The stock market continued its retreat amid fears of a darkening economic impact from the coronavirus pandemic. Despite a Sunday night announcement by the Federal Reserve that it was cutting its…

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Weekly Update: March 16, 2020 – Volatility Continues

March 16, 2020


Table of Contents



Featured Article: Volatility Continues


Economic Calendar


Quote of the Week


Recipe of the Week: Cinnamon Rolls


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Volatility Continues

Markets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices.

The Dow Jones Industrial Average fell 10.36%, while the S&P 500 declined 8.79%. The Nasdaq Composite index slid 8.18% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, dropped 17.75%.

A dispute between Saudi Arabia and Russia over oil production cuts, mounting fears of the coronavirus, the declaration of the COVID-19 as a global pandemic by the World Health Organization, and the news of a travel ban from…

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Weekly Update: March 9, 2020 – Rallies and Retreats

March 9, 2020


Table of Contents



Featured Article: Rallies and Retreats


Economic Calendar


Quote of the Week


Recipe of the Week: Knockout Spicy Chicken Strips


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Rallies and Retreats

Heightened coronavirus fears, falling yields, and Super Tuesday primary results sent stocks on a rollercoaster ride of sharp price swings, leaving stocks marginally higher for the week.

The Dow Jones Industrial Average improved 1.79%; the S&P 500, 0.61%; the Nasdaq Composite, 0.10%. Outside the U.S., developed equity markets tracked by the MSCI EAFE Index rose 2.60%.

Wednesday morning, the Federal Reserve lowered its short-term interest rate by 0.5% to a range of 1.00%-1.25%, making its biggest cut since 2008. Addressing the media, Fed Chairman Jerome Powell said…

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Weekly Update: March 2, 2020 – The Virus Becomes the Focus

March 2, 2020


Table of Contents



Featured Article: The Virus Becomes the Focus


Economic Calendar


Quote of the Week


Recipe of the Week: Curry in a Hurry


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


The Virus Becomes the Focus

Stocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending.

The selloff became a correction for the U.S. markets. The S&P 500 retreated 11.49%; the Dow Jones Industrial Average, 12.36%; the Nasdaq Composite, 10.54%. The MSCI EAFE, tracking developed stock markets outside North America, had fallen 6.75% week-over-week by Friday’s closing bell.

On Friday afternoon, Federal Reserve Chair Jerome Powell stated that central bank officials were willing to…

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Weekly Update: February 24, 2020 – Virus Anxieties Affect Stocks

February 25, 2020


Table of Contents



Featured Article: Virus Anxieties Affect Stocks


Economic Calendar


Quote of the Week


Recipe of the Week: Salmon Teriyaki


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Virus Anxieties Affect Stocks

Traders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact the latter. Concern over updated infection numbers moderated risk appetite.

A pair of key stock benchmarks posted similar weekly losses. In New York, the S&P 500 declined 1.25%; the MSCI EAFE index (of developed stock markets away from North America) lost 1.24%. The Dow Jones Industrial Average retreated 1.38% for the four-day trading week; the Nasdaq Composite, 1.59%.

Last month, members of the Federal Open Market Committee felt the near-term outlook for the economy had improved slightly since the last Fed meeting in December. The minutes did note that the COVID-19 coronavirus outbreak “warranted close watching.” Some analysts have wondered, if the coronavirus threat…

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Weekly Update: February 18, 2020 – Weekly Gains for Big Benchmarks

February 18, 2020


Table of Contents



Featured Article: Weekly Gains for Big Benchmarks


Economic Calendar


Quote of the Week


Recipe of the Week: Zippy French Toast


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Weekly Gains for Big Benchmarks

Daily headlines about the coronavirus had little impact on stock market averages last week. Earnings and mergers had more influence.

All three Wall Street benchmarks improved. The Nasdaq Composite rose 2.21%, outpacing the S&P 500, up 1.58%, and the Dow Jones Industrial Average, up 1.02%. The MSCI EAFE index, which tracks developed overseas equity markets, added 0.17%.

Commenting that the economy is in a “very good place,” Federal Reserve Chairman Jerome Powell told congressional legislators that…

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Weekly Update: February 10, 2020 – Stocks Bounce Back

February 10, 2020


Table of Contents



Featured Article: Stocks Bounce Back


Economic Calendar


Quote of the Week


Recipe of the Week: Pesto Perfecto Sauce


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Stocks Bounce Back

Stocks advanced four days out of five during the past market week, erasing the losses of the week before.

The Nasdaq Composite surged 4.04%, the S&P 500 3.17%, and the Dow Jones Industrial Average 3.00%. Foreign stocks also rallied: the MSCI EAFE index added 2.21%.

Thursday, investors woke up to the news that China would be lowering import taxes on about $75 billion of U.S. products. Later this week, a set of 10% tariffs is slated to drop to…

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Weekly Update: February 3, 2020 – Equities Slip on Virus Concerns

February 3, 2020


Table of Contents



Featured Article: Equities Slip on Virus Concerns


Economic Calendar


Quote of the Week


Recipe of the Week: Good Ol’ Chicken Soup


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Equities Slip on Virus Concerns

Stock benchmarks declined for a second straight week as coronavirus news tempered risk appetite.

The S&P 500 fell 2.14% on the week. The Nasdaq Composite dipped 1.76%, and the Dow Jones Industrial Average, 2.55%. Away from North America, developed markets slumped 2.24%, according to MSCI’s EAFE index.

The Federal Reserve left short-term interest rates alone at its January meeting, but it did make what Fed chairman Jerome Powell called a “small technical adjustment” in view of its continuing purchases of Treasuries. Wednesday, it slightly increased the…

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Weekly Update: January 27, 2020 – Stocks End the Week Lower

January 27, 2020


Table of Contents



Featured Article: Stocks End the Week Lower


Economic Calendar


Quote of the Week


Recipe of the Week: Oven-Cooked Corn on the Cob


Tax Tips


Golf Tips


Healthy Lifestyle


Green Living


Stocks End the Week Lower

Stock prices fell last week as investors considered the potential health and economic risks of the flu-like coronavirus.

Foreign stock markets, as tracked by the broad MSCI EAFE index, fell 1.03% for the week. Coincidentally, the S&P 500 lost exactly that much across a 4-day Wall Street trading week. The Dow Jones Industrial Average declined 1.22%, the Nasdaq Composite 0.79%.

By Friday’s closing bell, two cases of coronavirus had been confirmed in the U.S. by the Centers for Disease Control and Prevention. Sixty-three other potential cases were being monitored. Twenty-six people had died from the virus in…

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