CARES Act for Small Businesses
by Daniel Czulno, CFP®
Congress recently voted to approve and the President signed the “Coronavirus Aid, Relief, and Economic Security Act,” or “CARES Act” for short. The headline grabbing piece of this particular legislation is the provision which will send checks, or direct deposits, to millions of Americans as a stimulus for the economy. This is certainly helpful due […]
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What Comes Next
by Quint Tatro
It was another horrible week in the markets, with the S&P 500 Index falling 15% since Monday and now marking a 32% decline from February 19. Under the surface, the carnage is even worse with companies like JP Morgan dropping 40% since February 12, and Exxon Mobil’s 53% decline for the year. World class franchise […]
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A Different 20,000
by Quint Tatro
March 18, 2020 – I called into a local radio program this morning, and I was asked for my comments on the markets. The subject matter was what you would expect. We spoke of the market crash, the Fed’s interest rate activity, the pending stimulus for individuals and small businesses and my general view of […]
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Learning From History
by Quint Tatro
March 17, 2020 – When discussing the financial crisis, most cite 2008 and the S&P 500’s significant 38% decline. Ironically, most forgot, or have pushed from their memories, the first quarter of 2009 when the S&P declined another 25% until March 6th, when it finally found a bottom, capping a 58% decline from peak to […]
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The Service Economy
by Quint Tatro
March 16, 2020 – We’re back at it this morning with market futures giving back Friday’s bounce. Over the weekend, the Federal Reserve cut interest rates to zero and added an additional $700B in quantitative easing into the financial system. While this is a welcome sign for the credit markets, it is doing little to […]
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Watching Carefully
by Quint Tatro
March 12, 2020 – 10:30 – From the SEC Tournament to the NBA, the coronavirus is now threatening the daily lives of  all Americans whether they are ill or not. Unfortunately, last night’s presidential address didn’t do much to calm the markets, and the additional travel ban on flights from Europe is only adding fuel […]
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Market Triggers Circuit Breakers
by Quint Tatro
March 9, 2020 – 9:30am – This morning the market was open just a few minutes before the first circuit breakers were thrown and the market halted for 15 minutes, down 7%. Once re-opened we’ve been seeing a bit of a selling respite which is tough to trust. If we head back down the next […]
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Market Takes Oil Punch
by Quint Tatro
March 9, 2020 – 9am – While I am not sure yet how the media will spin this morning’s significant gap down opening in the market, the reality is the markets are now suffering a second blow, beyond the already challenging coronavirus. Over the weekend, talks broke down between OPEC and Russia regarding a production […]
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Required Rate of Return
by Quint Tatro
January 6th, 2020 – 5pm – Asset allocation can be loosely defined as an individual’s exposure to stocks versus bonds. Risk tolerance is the measure of a person’s ability to withstand portfolio volatility and thus plays a direct impact on an individual’s asset allocation. Historically, it has been a common practice to correlate risk tolerance […]
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Something Smells
by Quint Tatro
September 18, 2019 – 12pm- On Monday night, the overnight lending rates between banks jumped as high as 10%, significantly higher than the Fed Funds targeted rate of 2 – 2.25%, often used as a general benchmark. By Tuesday morning, the Federal Reserve of New York had to inject over $55B in funds to quell […]
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