Why the divorce?
At the onset of the coronavirus crisis, Wall Street had a meltdown. Stocks plunged amid fears of the disease’s spread and its potential impact on the global economy. But in recent weeks, the market has recovered — the S&P 500 is hovering around where it was last...
The bear is on the prowl….
It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years. Combined with the four prior jobless claims reports, the number of Americans who have filed for unemployment over the previous five weeks is 26.45 million. That...
A deceptive rally masks some real pain
With the recent rally, common sense appears to have to been put to the test. Many believe that correction was misstated. Why? The market declined 34% but already has been back up 25% so it's now really only down 9%, barely enough to call it a correction. Really? If...
Are we in a recession or not?
A typical recession does not just wipe out the economy but cleans out all bullish investments and gets everyone into cash. This time, it appears to be different. Despite mounting deaths and climbing unemployment numbers, the stock market has begun a rally that defies...
WHO is to blame?
April 10th marked 100 days since the WHO (World Health Organization) was first notified of the novel corona virus outbreak in China. WHO’s mission statement reads “To publish and disseminate scientifically rigorous public health information of international...
A quarter that must be forgotten
March felt like an eternity. It all started well in Jan and then we had a furious rally till Feb but then, everything fell apart. S&P declined and kept declining until it fell 35%. Even after decline this week, the indices are notably off their worst levels seen...
What lies ahead?
America has more than 100,000 coronavirus cases, but it’s unclear what path the mortality rate will take in the coming weeks. China is keeping foreigners out, India is trying to keep 1.3 billion people indoors, the U.S. continues to struggle with testing and doctors...
Everything is closed – Why is the stock market still open?
It is no secret that the life we are going through now is nothing like we have experienced before. The isolation from society is simply not what anyone has been prepared for. But added to that is the stress of the stock market crashing taking out ~30% of accrued...
And just like that – US enters a recession and headlong into a bear market
While everything from deserted ball games to school closings to elbow shakes instead of handshakes may seem strange to us, this is not the first time epidemics have wreaked havoc in America. Headlines in NY Times on April 12, 1955 was “Polio is Conquered.” Until then,...