Weekly Updates

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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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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