Macro Overview November 2020

Kent Forsey, CFP® COVID-19, Economic Update, Inflation, Macro Overview, Presidential Election

With the election over, a lingering uncertainty has been removed as expectations of how fiscal policy and stimulus programs funded by government debt may evolve.  Unfortunately, along with the increased clarity of possible new government policy, other things are becoming clearer as some economists and market analysts project eventual higher taxes along with an expanding fiscal debt. A politically divided …

Macro Economic Overview October 2020

Kent Forsey, CFP® Consumer Spending, COVID-19, Economic Update, Macro Overview, Presidential Election

Worries regarding a second wave of infections heading into the fall, election uncertainties, and wavering economic indicators contributed to a dubious September. Equities paused from their upward trajectory in September, with technology stocks repelling from their highs. Uncertainty surrounding vaccine deployment and the election are expected to influence market momentum and investor confidence. Election results will help determine the direction …

Equity Markets Driven Higher In August – Domestic Market Overview

Kent Forsey, CFP® COVID-19, Economic Update, Stocks, US Overview

A little good news in an uncertain world.  The recovery of U.S. stocks from the depths of the market turmoil in March has been unprecedented. Equity values returned to where they were before the pandemic in August. The rebound in equity indices has been one of the strongest in nearly 90 years, propelling indices to new highs this past month. …

Why Small Businesses Are So Important To The Economy

Kent Forsey, CFP® American Workers, Consumer Spending, COVID-19, Economy

The country is composed of millions of small businesses from home-based one person consultants to hair salons and manufacturing companies.  As defined by the SBA’s Office of Advocacy, a small business has less than 500 employees and operates independently, not under the control of another entity. As of 2018, the SBA acknowledges that there were 30.2 million small businesses in …

Macro Overview March 2020

Kent Forsey, CFP® COVID-19, Economic Impact, Macro Overview, Stocks, US Economy, World Economies

Fear has been permeating capital markets worldwide as the impact of the coronavirus continues to evolve.  Global economic forecasts have been revised downward by the International Monetary Fund (IMF) and the World Bank as factory closures, quarantines, and travel bans continue to hinder numerous industries. The Federal Reserve helped alleviate markets with a rate reduction announcement as a result of …