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Housing Market Soars During Pandemic

November 30, 2020

Nobody could be faulted for believing that everything has come to a screeching halt during the coronavirus pandemic. After all, the unemployment rate skyrocketed afterhitting a historic low in February. Many segments of the economy have been all but put out of business.The cruise lines saw business drop to nearly nothing.The airlines have only been… View Article

U.S. Unemployment Dips Below Peak of the Great Recession

November 2, 2020

In October of 1929, nervous investors began unloadingover-valued stocks and the stock market crashed. OnOctober 24 of that year, 12.9 million shares were traded.That day became known as “Black Thursday.” Five days later, on a day known in history as “BlackTuesday,” another 16 million shares were traded. Shareshad become worthless and those who bought on… View Article

Fed Announces Historic Change in Monetary Policy

October 19, 2020

The U.S. economy is dependent on the efforts of theFederal Reserve to stimulate the economy throughmonetary policy. Like the central banks in other countries,the efforts of the Fed to maintain key interest rates andemployment are necessary throughout economic cycles. In recent decades, through several “crisis” periods, theFed has responded to adverse events in the economyto… View Article

Apple Reaches $2 Trillion

September 22, 2020

Started in a garage in 1976 by Steve Jobs, RonaldWayne and Steve Wozniak, the predecessor of today’sApple was focused on bringing computing to theaverage consumer in a size that was reasonable. The new company was incorporated as AppleComputer, Inc. in 1977. The company went publicin 1980 and realized immediate success. The originalMacintosh computer started shipping… View Article

S&P 500 Reaching new All-Time Highs

September 9, 2020

Looking at the contraction in the economy, it would befair to assume that the stock market would reflect themany indicators that signify a downturn. As recently as February, 2020, the economy was goingstrong and looked like nothing could take the wind out of its sails. The impact of the pandemic was unrelentingand hurt many segments… View Article

Markets Rally Back Despite Pandemic

August 24, 2020

The slogan of the day should be that “you just can’tget a super-charged economy down.” In the faceof a resurgence in the first wave of the coronaviruspandemic, many stocks charge ahead. The pandemic has created winners and losers for sureas some sectors have been decimated and others weretailor-made for this new normal. A couple of… View Article