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Tuesday, March 31, 2020

I hope you and your family are staying safe and healthy. If you are a Small Business Owner and plan on completing the SBA Emergency Loan form online, there is some information you need to have readily available. In addition to basic...

Monday, March 30, 2020

Total deaths in the US from COVID19 look like they'll hit at least 3,000 by the end of March. A potentially brutal April lies ahead. In the meantime, the measures taken to limit deaths have temporarily tanked the US economy. Initial...

Monday, March 30, 2020

How spending has been allocated to bolster the economy through the pandemic U.S. lawmakers have agreed on the passage of a $2 trillion stimulus bill called the CARES (Coronavirus Aid, Relief, and Economic Security) Act to blunt the...

Sunday, March 29, 2020

A 102-year-old Italian woman made a miraculous recovery from the coronavirus after a 20-day hospital stint in the northern city of Genoa, according to a report. Italica Grondona came down with the dangerous virus and was admitted with...

Wednesday, March 25, 2020

With the Senate passing the CARES ACT unanimously, the Coronavirus Stimulus Bill heads to the House. This is a concise summation of what the monumental bill will cover. If you want to discuss this in further detail, just know, we are...

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Monday, March 23, 2020

We follow Seth's blog for inspiration deep thinking. We thought we would share yesterday's post with you. Enjoy!! -- The way we feel can be triggered by outside events. And that can change how we act. And the way we act can reinforce...

Thursday, March 19, 2020

During these unprecedented times, I think back to one of Aesop’s fables that has affected me and my family. It was November. My 20-year old niece was going to celebrate her 21st birthday in style; she was going to Las Vegas for a...

Saturday, March 14, 2020

The History of Pandemics Pan·dem·ic /panˈdemik/ (of a disease) prevalent over a whole country or the world. As humans have spread across the world, so have infectious diseases. Even in this modern era, outbreaks are...

Friday, March 13, 2020

Less than a month ago markets were at a record high, as healthy data on the US economy signaled continued growth on the horizon. Then, as Coronavirus made its way to continental Europe and the United States, markets went into a...

Friday, March 13, 2020

As Cohen Financial Services continues to monitor the latest developments with the spread of the coronavirus (COVID-19), the significance of serving you continues to be our top priority. First and foremost, the health and well-being of...

Monday, March 9, 2020

This piece covers: Recent coronavirus news creating market volatility Reports from the medical community and coronavirus task force Potential economic effects of the virus in the U.S. and globally Federal Reserve rate cut in response...

Monday, March 9, 2020

No one knows with any real certainty how much, or for how long, the Coronavirus will impact the US economy. What we do know is that it will have an impact. And, after data releases of recent weeks, we also know that the US economy was...

Wednesday, February 26, 2020

Monday, fear over the Coronavirus finally gripped investors, as both the Dow Jones Industrial Average and the S&P 500 index fell over 3% - the largest daily declines in two years. These drops wiped out all the gains for the year....

Friday, February 21, 2020

City National Rochdale's FAQs on the Markets and Economy How concerned should investors be about coronavirus? What did Fed chairman Jay Powell talk about to Congress? For years, Puerto Rico's debt was in the news; what is the current...

Tuesday, February 18, 2020

Thirty years ago, many in the US were in fear that a rising power in Asia was on the verge of eclipsing the US. Now it's China, back then it was Japan. Back in the late 1980s Japan had become the second largest economy in the world...

Monday, February 10, 2020

In January, US payrolls expanded by 225,000, not only beating the consensus forecast, but also forecasts from every single economics group. Since January 2019 (12 months ago), both payrolls and civilian employment – an...

Monday, January 13, 2020

The US economy is not in an economic boom, but growth has been consistently faster than during the Plow Horse phase from mid-2009 through the end of 2016. Real GDP has grown at a 2.6% annual rate since the start of 2017 versus 2.2%...

Thursday, January 9, 2020

The longest economic recovery on record continues, with January being the 128th consecutive month of growth. The first seven years, from mid-2009 through 2016 saw average real GDP growth of 2.2%. Since the start of 2017, US real GDP...

Monday, December 30, 2019

What a year! As of the close on Friday, the S&P 500 was up 29.2% in 2019. At the end of 2018, we forecasted the S&P would hit 3100 this year. At the time, this was a very aggressive call. Then we doubled down at mid-year, lifting our...

Monday, December 2, 2019

During the next couple of days you're going to see lots of stories about the strength of consumer spending. Early reports say Black Friday on-line sales hit a record high, up 14% from a year ago, following a 17% increase on...

Monday, November 25, 2019

What an incredible time to be alive! We stand just five weeks from the end of a decade that saw prosperity spread far and wide. Some don't see it that way, as pouting pundits and rancorous politics skew our visions. But, if we simply...

Monday, November 18, 2019

Last December, almost 12 months ago, we set our year-end 2019 target for the S&P 500 at 3,100. Many thought we were way too bullish, but our model for the stock market suggested 3,100 was well within reach. We believed the bull market...

Monday, November 11, 2019

One of our favorite economic parables is the Fish Story, from Paul Zane Pilzer's 1990 book, "Unlimited Wealth." It is an excellent tool for thinking about wealth creation, inequality and redistribution. Imagine 10 people live on an...

Monday, November 4, 2019

Since the earliest days of the current economic expansion, there have been naysayers asserting the US was on the brink of another recession. Remember all the fear about another wave of home foreclosures, or a disaster in commercial...

Monday, October 28, 2019

At the close of business on Friday, the futures market in federal funds was putting the odds of a 25 basis point rate cut on Wednesday at 90%, which would place the federal funds rate in a range between 1.50 and 1.75%, the lowest it's...

Monday, October 21, 2019

The government doesn't release its initial estimate on third quarter real GDP for another nine days, but at this point we have enough facts and figures to make an educated guess that it'll come in at right around a 1.8% annual rate,...

Monday, October 7, 2019

In spite of all the fear-mongering about a recession, Friday's employment report clearly showed we are not in an economic downturn. The best news in the report was that the unemployment rate fell to 3.5%, the lowest most Americans have...

Thursday, October 3, 2019

You can convert your IRA to a Roth … but should you? In 2010, Congress began letting everyone convert their Deductible and Non-Deductible IRAs to a Roth IRA. (Previously, conversions were limited to those with Adjusted Gross...

Monday, September 30, 2019

Trade Fears Sap SentimentU.S. stocks declined Friday to end at a three-week low on unconfirmed reports theTrump administration is considering restrictions on American investments into Chinesesecurities and possibly delist Chinese...

Tuesday, August 27, 2019

• Market swings are getting bigger as investor worries about trade gain ground. • Although we expect a trade agreement between China and the U.S. to materialize, the heated rhetoric has increased in recent weeks. •...

Tuesday, August 27, 2019

U.S. stocks retreated over 2.5% on Friday after China announced an additional round of retaliatory tariffs on $75B worth of American goods on September 1 and December 15 and President Trump vowed to respond accordingly. The trade...

Tuesday, August 27, 2019

If you’ve been feeling a little déjà vu these days, it’s with good reason. The ‘90s are making a comeback—or so it would seem. Both then and now, we saw a reboot of Star Wars films, are watching...

Monday, August 26, 2019

Analysts were very quick to pin the blame for weakness in stocks late last week on the trade war with China. We agree that uncertainty regarding the future of US-China trade relations was a drag on equities, but think it was far from...

Tuesday, August 20, 2019

The threat of a recession is on the minds of investors. Some traditional measures of the yield curve are inverted and, in the past, those have preceded recessions. The link between an inverted yield curve and a recession has so...

Monday, August 19, 2019

U.S. stocks ended a volatile week with back-to-back daily gains, trimming its third straight weekly loss to under 1% after skidding to a two-month low on Wednesday. The S&P 500’s near 3% mid-week loss was caused by a global...

Friday, August 16, 2019

• Volatility has increased and the S&P 500 is now down over 6% from its peak. • While the Treasury yield curve is inverted, it is still hard to predict future equity declines. • We expect volatility to remain elevated...