Negative oil prices have dominated headlines recently. A combination of oversupply, lack of demand, and a lack of storage capacity resulted in temporarily negative oil prices, where holders of a futures contract were paying others to take delivery of oil for them. We...
This earnings season will be unlike any other, as travel restrictions and lockdowns related to COVID-19 have impacted results dramatically.The biggest economic hits came in mid-March, however, and won’t be fully captured in first quarter results. This makes company...
Stocks Suffered Worst Quarter Since 2008 as COVID-19 Pandemic Spread Globally Longest-running bull market has come to an end. The Russell 3000 Index slid 20.9% during the first quarter, its worst since fourth quarter 2008, as the COVID-19 pandemic halted a significant...
The economy has halted for the past several weeks, and with it the longest economic expansion ever has ended, meaning we are now in a recession. What makes this recession unique is the government intentionally brought it on, with the chances for an economic bounce...
Investment Takeaways We continue to follow our Road to Recovery Playbook to determine where we are in the stock market’s bottoming process. We believe the proces is well underway, and we anticipate having visibility into a peak in COVID-19 cases soon—our key to stocks...
