by Matthew Terzian, CFA, CFP “…In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1789 The longer one participates in the workforce the louder this quote rings true on the tax front. And unfortunately, the longer one lives, they can relate more and more on the death front,...Read More

by Dr. JoAnne Feeney Portfolio Manager Investors saw it coming – as they often do. The reopening is underway. Restaurants are beginning to serve sit-down meals, beaches are open, hair is being cut, and nails polished. Workers are being called back to factories and offices, although many who can work remotely will continue to do so....Read More

Why Is the Market Rallying While the Economy Is Collapsing? by Dr. Charles Lieberman Chief Investment Officer Observers are trying to reconcile the sharp rally in the stock market even as the data show that economic activity has declined dramatically. It is natural to ask how the market can only be down a little more than...Read More

by David Lieberman Quick Summary United States • Case count grew yesterday at a rate of 2.8% from 3.8% and 4.4% the prior two days. Deaths were only about 1,100. The US CFR% held flat to 5.59%. • New cases averaged well over 30,000 per day this weekend. But that is likely due to a sharp...Read More

by David Ruff CFA, Global Portfolio Manager A recent piece by CGTN (China Global Television Network) highlighted the city of Wuhan. Ostensibly to feature the city’s cultural and culinary reputation, but no doubt, this was also an effort to move the ongoing news narrative away from the city being the COVID-19 birthplace to project the...Read More

by Dr. JoAnne Feeney Portfolio Manager Earnings season got off to a rocky start, but that was to be expected. Comments from management teams regarding the future were laced with cautious sentiment. Even though most investors understand that companies will struggle to estimate this year’s sales and earnings, they are still hoping that companies have some...Read More

by David Lieberman Managing Partner, Portfolio Manager Quick Summary United States • Case count over the weekend didn’t decline as much as forecast, although Sunday’s growth of cases of 25,000 was the lowest since March 31st. Case growth slowed to 3.4% yesterday down from 4.1% and 4.7% the prior two days. • The slowing trend continues,...Read More

by David Lieberman Source: ACM United States • It looks like case count has indeed peaked with cases falling to 27,000 yesterday. Case growth grew only 5.1% on Sunday down from 6.0%, 7.3%, 7.7%, and 8.6% the prior days. • The overwhelming majority of states are now showing slowing case count with 45 states out of...Read More

by Dr. JoAnne Feeney You may have forgotten, given more urgent concerns surrounding the coronavirus, but we are once again at the cusp of earnings season. Make no mistake, this will be ugly. First quarter results will begin to show the impact of the shutdowns, and second quarter guidance even more so. Earnings estimates from Wall...Read More

by Jeff Deiss CFP, AEP, Wealth Advisor There are certain aspects of our financial lives over which we have some control – our career and how long we work, or how much we spend or save. And there are other aspects which we cannot control, like the daily ups and downs in the stock market or...Read More