Please buckle your seat belt, we are about to experience some turbulence… It would have been nice if Chairman Powell had ended his press conference this week with that warning. And with that, the S&P 500 was lower by 5.9% at the close of business June 11, 2020. So why this now? We seemed toContinue reading “What Happened to the Market Yesterday? & What YOU Should Do….”
Author Archives: Mike
The Final Puzzle
As I alluded to last week, I wanted to go down the rabbit hole that is on everyone’s mind in terms of the economy: What does a recovery look like? More than likely, you have probably heard references of V, W, U, or L shaped recoveries on news programs over the past couple of months.Continue reading “The Final Puzzle”
A Tale of Two Charts
Several weeks ago in my post, I wrote about how during the Global Financial Crisis of ‘08-‘09, investor’s risk appetite was almost 5 months behind the actual bottoming of the stock market. Fast Forward to 2020, and the chart clearly illustrates a different scenario: What’s interesting to note is that the VIX (the fear gauge)Continue reading “A Tale of Two Charts”
Lessons from the Berkshire Hathaway Annual Meeting
Every year folks anxiously line up outside the arena in Omaha, waiting to hear Warren Buffett and Charlie Munger deliver their opinions on all things. Like most other things this year, there was a change, and we were watching Mr. Buffett and Vice Chairman Greg Abel sit in a 18,000 seat arena pretty much byContinue reading “Lessons from the Berkshire Hathaway Annual Meeting”
Berkshire Weekend Reimagined
Its raining here today, just a gray, dreary day. It feels appropriate, as today was when I had planned to head to Omaha. I always look forward to this time of year, not only for the ‘Woodstock for Capitalists’ event, but in a way, it’s a return back to home. If you would join meContinue reading “Berkshire Weekend Reimagined”
Adapt or Die
We all have heard this statement before, and I believe there is no time that it is more relevant than now. This week was a big earnings week on Wall Street and I have listened to several earnings calls to gauge how businesses are being impacted and adapting to the changes the Coronavirus pandemic hasContinue reading “Adapt or Die”
The Right to Hope
This weekend, Christians around the world joined in celebrating one of the holiest days of the year: Easter Sunday. A day of hope and rebirth. To quote part of Pope Francis’s message on twitter Saturday evening: ‘Tonight we acquire a fundamental right: the right to hope…It is not mere optimism, it is a gift fromContinue reading “The Right to Hope”
EIDL, PPP, & What does it mean to me?
A lot has changed in the last couple of days, as the government has rolled out their initiative (PPP) to keep small businesses open and employees on the rolls. To say it has been a cluster would be an understatement. However, Senator Marco Rubio seemed on top of things as Saturday morning he launched oneContinue reading “EIDL, PPP, & What does it mean to me?”
The Clampdown
Happy Monday! So, as I write this, the markets are in the green. Why is that? Considering things are on hold till at least April 30… Green Shoots! First on Friday evening, Abbott Laboratories announced emergency FDA approval of their COVID19 test, that can provide a positive result in 5 minutes! Abbott is able toContinue reading “The Clampdown”
High Hopes!
A summary of the markets, relief bill details, tax changes, and green shoots!
