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Market Insights

May 10: Coronavirus Update and Economic Impact

May 10: Coronavirus Update and Economic Impact

According to the May 8, 2020 news release by the Bureau of Labor Statistics, the US unemployment rate reached 14.7% in April as the world continues to grapple with the fallout from COVID-19 and the near-shutdown of entire swaths of the global economy.

March 24: Coronavirus Update and Market Impact

March 24: Coronavirus Update and Market Impact

Over the last couple of weeks, we have all had to make major adjustments to our daily lives to collectively address
the societal health risk posed by the COVID-19 virus. What started as a highly localized outbreak in Wuhan, China
has now developed into a truly global pandemic impacting 195 countries and nearly 400,000 people.

March 10: Continued Coronavirus Market Impact

March 10: Continued Coronavirus Market Impact

Since the end of February, equity markets continue to experience massive daily price fluctuations as anxious investors react to a constant stream of coronavirus (aka “COVID-19”) headlines. Last week’s surprise decision by the Fed to cut rates not only failed to alleviate investor concerns, but may have actually fueled them further.

Coronavirus Market Impact

Coronavirus Market Impact

The coronavirus has had an impact on the markets the last few days. Our Investment Committee provides their insights.