What’s driving current market behavior?
In the era of COVID-19, and the financial woes it has created, I often get asked, “Why is the stock market holding up so well when the economy appears to be struggling?” To understand why the markets react — or don’t — to certain outside factors, it’s always good to keep in mind that the […]
Reminder: Tax Day is Tomorrow
This year has had no shortage of changes to the normal course of business. In March, the Treasury Department and the Internal Revenue Service announced that they extended the federal income tax filing and payment deadline until July 15, 2020.1 Most states followed suit and moved the due date to July 15 or later.2 Because this […]
Weekly Market Insights: Stocks Gain After Volatile Week
Stock prices notched solid gains last week, looking past an increase in COVID-19 cases and any potential economic concerns raised by the trend. The Dow Jones Industrial Average increased by 0.96%, while the Standard & Poor’s 500 climbed 1.76%. The Nasdaq Composite Index bounded 4.01% higher for the week. The MSCI EAFE Index, which tracks […]