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Soaring Unemployment Signals First Wave of Economic Damage

The jobless claims report shows how many people have been laid off and are newly applying for unemployment assistance. And the latest one was a shocker. It revealed that three million people lost their jobs and applied for unemployment last week. To put this number in perspective, the previous record was just under 700,000 in 1982.

How Is Recent Volatility Affecting Money Market Funds?

Over the past weeks, the U.S. equity markets have experienced a substantial downturn due to the global spread of the coronavirus. Even some U.S. bond investments, which are typically assumed to be a safe asset class, have been affected. Accordingly, the focus of many investors has turned to money markets and true cash holdings. This article reviews the unique features of money market funds and some of the concerns investors may have about this asset class. It also covers the current steps the federal government is taking to support this sector of the market. 

What the Stimulus Package Will (and Won’t) Do for the Economy

The Federal Reserve (Fed) has been consistently ahead of the coronavirus crisis. To help ensure that this medical crisis does not transmute into a financial one, the Fed stepped up early and hard. Not only did it cut interest rates essentially to zero, it also eased restrictions on banks to enable faster and more business lending. Plus, the Fed has taken unlimited measures to support the financial system as a whole, restarting programs from the last financial crisis to purchase bonds and inject money into the system.

Are You Suffering from Compassion Fatigue?

Whether you are in the “sandwich generation,” taking care of aging parents while raising your own children, or you are caring for others in some manner, it can be a balancing act. And it’s one that can take its toll on your emotional well-being. In other words, you may be suffering from compassion fatigue.

Weekly Market Update, March 23, 2020

Weekly Market Update, March 23, 2020

Presented by Davenport Wealth Management

Is the Market Overreacting to the Coronavirus Crisis?

Is the Market Overreacting to the Coronavirus Crisis?

Presented by Davenport Wealth Management

 

Will the Coronavirus Take the Economy Back to 2008?

Will the Coronavirus Take the Economy Back to 2008?

Presented by Davenport Wealth Management

Tips for Stress Management

Tips for Stress Management

Presented by Davenport Wealth Management

Weekly Market Update, March 16, 2020

Weekly Market Update, March 16, 2020

Presented by Davenport Wealth Management 

Weekly Market Update, March 9, 2020

Weekly Market Update, March 9, 2020

Presented by Davenport Wealth Management