Posts by atpw_admin

Market Brief – 3/13/2020

We have just witnessed the third week of unprecedented market movements… The “big one” hit yesterday, as it relates to the financial markets, when we had a magnitude 9.99%1 drop in the Dow Jones Industrial Average, the biggest daily decline since the 1987 crash2. References: 1 https://www.investing.com/news/stock-market-news/us-stocks-lower-at-close-of-trade-dow-jones-industrial-average-down-999-2109050 2 https://www.fool.com/investing/2020/03/12/the-dow-just-had-its-biggest-drop-since-1987-heres.aspx Read the full article in the downloadable PDF »
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Chart of the Week – 3/05/2020

The Federal Reserve cut the Fed Funds Rate by 50 basis point, as market forces seemed to require, but it appears the market may be demanding further intervention (see chart below). Fed action has been a factor in spurring market growth in the past. Clearly, the Fed is concerned about the potential economic impact of coronavirus and took swift action with the “emergency” rate cut, as a result. The second chart shows the forward performance of the S&P 500 after previous emergency rate cuts. Here are some related thoughts… Read the full article in the downloadable PDF »
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Market Pulse – February 2020

The market ended January with a thud, but then rebounded, hitting all-time highs February 19. Then, the news surrounding the coronavirus took a decidedly negative tone and the final week was nothing short of ugly. The markets have begun to price in the risk of meaningful disruptions to global economies, whether through trade or impacts to local economies, such as people being quarantined. Read the full article in the downloadable PDF »
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