Despite Risks, Economic Recovery Remains on Track
Posted by Davenport Wealth Management on Fri, 08/28/2020 - 15:33
In the past two weeks, we’ve had good news on the pandemic front. The second viral wave has continued to come under control, case growth is down significantly from the peak, and the case growth rate has returned to the lows seen in mid-June. Overall, despite the higher case counts, the pandemic is once more again control.
The CARES Act Student Loan Relief Options: Who Benefits and How?
Posted by Davenport Wealth Management on Thu, 08/27/2020 - 09:17
In response to the economic impact of COVID-19, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020. On August 8, 2020, a presidential memorandum was signed to provide an extension of this relief through December 31, 2020. The CARES Act encompasses a number of provisions that offer relief for student loan borrowers. If you have a student loan, here’s what you need to know.
Weekly Market Update August 24, 2020
Posted by Davenport Wealth Management on Mon, 08/24/2020 - 15:04
- Rates retreated a bit last week after increasing notably the previous week. The long end of the curve saw the largest declines, with the 10-year Treasury yield falling from 0.69 percent at the start of the week to 0.64 percent, while the 30-year dropped from 1.43 percent to 1.35 percent.
Weekly Market Update August 17, 2020
Posted by Davenport Wealth Management on Mon, 08/17/2020 - 11:00
General Market News
- Last week’s heavy supply certainly affected the long end of the curve, as the 10-year Treasury yield moved from a historical low of 0.50 percent to 0.72 percent. (It opened at 0.69 percent on Monday.) The 30-year, which was at 1.18 percent last week, spiked and opened at 1.43 percent on Monday. The 30-year seems to have created a floor around 1.20 percent over the past five months, as it has not approached the historical low of 0.997 percent it set in March 2020. The 2-year, which opened the month at a steady 0.11 percent, backed up to 0.16 percent last week and opened at 0.14 percent on Monday.
Are the Economic Risks on the Rise?
Posted by Davenport Wealth Management on Mon, 08/17/2020 - 09:00
Over the past two weeks, we’ve had some good news. It looks like the second wave of coronavirus infections has peaked and turned back down. Case growth is down significantly from the peak, and the case growth rate has returned to the lows seen in mid-June. In most states, the data indicates that outbreaks are being contained.
Market Update for the Month Ending July 31, 2020
Posted by Davenport Wealth Management on Mon, 08/03/2020 - 11:00
Strong July for markets
July marked a strong start to the second half of the year for markets, as all three major U.S. equity indices ended the month in positive territory. The Dow Jones Industrial Average (DJIA) gained 2.51 percent for the month, and the S&P 500 impressed with a 5.64 percent return. The Nasdaq Composite, with its heavy weighting to technology, was the leader, rising by 6.85 percent.
Second Wave Looks to Have Peaked
Posted by Davenport Wealth Management on Mon, 08/03/2020 - 10:30
This week, we had some progress on the pandemic front, as things started to improve after the stabilization we saw last week. Case growth peaked, at least in the short term, and the case growth rate ticked down. Further, outbreaks in many states are now being contained, as expected.