Market Outlook

Harlan Cadinha discusses the many factors that are creating uncertainty in the markets and how portfolios are currently positioned.

The fourth stimulus legislation since the beginning of the pandemic was signed today, amounting to $484 billion in additional relief. Key features include $75 billion for hospitals, $25 billion in disaster grants, $60 billion in disaster loans and grants, and $310 billion in additional funding for the Payment Protection Program (PPP). The original $349 billion in […]

Until recently, the idea of a pandemic seemed rather abstract. Maybe we imagined once or twice what one could look like, perhaps with glimpses from movies like Outbreak or Contagion, or through the reallife but short Ebola or SARS scares. Pandemic was a source of escapist fun, something you talked about when someone brought up […]

Since the very beginning of our great nation, investment markets have been free. They have been controlled by the natural disciplines of a free market where willing buyers and willing sellers agree on the price of a transaction. The buyer has somehow done a risk assessment of the investment and decided that the price adequately […]

Small and medium businesses adversely affected by the COVID-19 crisis may receive some free money via the Paycheck Protection Program. The program was included in the $2 trillion federal stimulus program known as the CARES Act signed into law last week. A friend passed along one of the better summaries of the Act; this is […]

According to the World Health Organization (WHO), the “pneumonia of unknown cause” was first reported by China on December 31, 2019. Since then, WHO provides daily situation reports to offer accurate data on the rapid spread of COVID-19. In today’s situation report (report #66) we learned that over 462,000 people are confirmed to have the […]