The Market Week in Review
The U.S. stock market rallied back this week after a steep decline the week prior as the $2 trillion coronavirus stimulus bill heads to President Trump’s desk. Consequently, interest rates moved lower as the 10-year treasury yield dropped from 0.92% to 0.72%. Meanwhile the spread between the 10-year treasury yield and the 2-year treasury yield narrowed from 0.55% to 0.47%. The price of gold rose nearly 9.0% on the week to $1,624 an ounce amid falling interest rates, a weaker U.S. dollar, Federal stimulus, and capital seeking a safe haven. The price of crude oil continues to fall steeply, dropping…
Now What the Hell Do I Do?
The coronavirus pandemic has triggered unprecedented levels of economic turmoil and stock market volatility. It’s very difficult to stay the course when no one seems to know what lies beyond the horizon. There are steps you can take to help your investment portfolio survive the Covid-19 pandemic. “In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.” —Warren Buffett I think it’s…
The Market Week in Review
The U.S. stock market continues to fall over fears of the coronavirus and its impact on the global economy. Interest rates were highly volatile over the course of the week but ended up little changed as the 10-year treasury yield only fell two percentage points and currently sits at 0.92%. Meanwhile the spread between the 10-year treasury yield and the 2-year treasury yield continues to widen and currently sits at 0.55% as the federal reserve rate cuts forced shorter-term rates substantially lower. The price of gold fell 2.7% to $1,490 an ounce as stronger demand for the U.S. dollar has…
The Market Week in Review
After Trump announced a national emergency today and government stimulus, stocks soared over 9.0%. However, this only mitigated a portion of the stock markets large losses on the week as major indices still finished down over 8.0%. Interest rates moved higher on the week with the 10-year treasury yield rising from 0.71% last week to 0.95% today. The price of gold fell over 8.0% to $1,531 an ounce as investors desperate for cash leave the haven metal. The price of crude oil fell nearly 20% on the week to $33.36 a barrel amid the collapse of talks between members of…