States Are Reopening, Are Consumers Starting to Spend?

June 18, 2020 11:23 am

You will often hear, “so goes the consumer, so goes the United States economy.” This is a phenomenon that has grown during my lifetime, as we shifted away from a manufacturing economy to a more service-based economy. Look below at the chart and you will see that consumer spending does make up almost 70% of […]

The Potentially Troublesome Issue With the Stock Market and the S&P 500

May 28, 2020 3:08 pm

There is no perfect measure to say how the stock market in the US is performing. Every major index you see mentioned on the news has some pros and cons.  Typically, every nightly news report will mention the daily returns of the Big 3: the Dow Jones Industrial Average, the NASDAQ and the S&P 500. […]

Who is Right-The Markets or the Economic Data?

May 26, 2020 11:08 am

So what gives with the markets? Let’s use the S&P 500. It was down 33.9% from its 2020 high on February 19th to its low on March 23rd (shortest bear market on record).  It then rebounded 31.9% until April 29th (a dizzying bounce) and has remained essentially flat ever since. Unfortunately, the S&P 500 is […]

Is It A Good Time To Refinance?

May 8, 2020 3:50 am

I get this question a lot from friends and clients:  “Should I refinance my mortgage?” The answer is not always so simple.  In fact, many of us thought the days of refinancing were almost over (well…not literally) because s…

The Stability of Your Financial Plan During Volatile Times

May 6, 2020 9:55 am

During these unprecedented times, many clients are wondering if their goals have been derailed and if so, what it will take to get them back on track. There is no doubt that things have changed, and as a result many of us will need to adjust accordingly. But just how much do you need to […]

The CARES ACT – Three Important Provisions That Could Impact You

March 30, 2020 9:58 am

The relief bill known as the CARES Act was signed into law on Friday, March 27, 2020. It is designed to serve as a bridge between the time the US economy decelerates in response to Covid-19 and the time the economy is back up and running. Provisions of the CARES Act support a wide range […]

Can a Recession Save us from the Coronavirus?

March 16, 2020 12:28 pm

The first change I noticed was early last week, before any state of emergency had been declared in Rhode Island, Massachusetts, or the US. Suddenly, my commute was far easier than usual. I hit every light and breezed into work. By the end of the week I had shaved 20% off my commute time.  I […]

Economic Commentary: March 2, 2020

March 2, 2020 12:38 pm

The recent downturn in the markets has been driven predominantly by the Coronavirus and high stock valuations. Any sustained market bounce is unlikely to take place before the risks presented by Covid-19 have abated. At the same time the economic impact of the virus is undergoing extensive assessment and review. In terms of the economy, […]

Are We Concerned Yet?

February 26, 2020 12:36 pm

We are getting a few questions from clients on the nature of the most recent stock market sell-off. We thought it would be a good opportunity to address these questions in our blog, so that all clients can hear our response. Let’s start with the surprise factor. Was this week’s dramatic two-day pullback unanticipated? Not […]

Why the Stock Market Cares So Much About the Coronavirus

February 5, 2020 12:28 pm

For the last few weeks, it feels like the stock market has been responding positively and negatively to every new piece of information around the coronavirus. This article is not meant to diminish the impact this disease has on human life, but rather focus on why the market seems to care so much. Why does […]