Investment

July 4, 2020

A Tribute to America

Independence Day, July 4th, 2020 Ladies and Gentlemen, my name is the United States of America. I was born on July 4, 1776, conceived in freedom and liberty. That freedom has brought millions to my shores to cast their lot with me. It has also given human incentive its widest scope. Now, just 244 years later, I am a diverse, multilingual country that is bound together by a single language, English. The dominant language of the business world, of the Internet world, and the second language for most of the world. Who would have believed that 60% of the world’s […]
July 2, 2020

Not Locking Down

A report from First Trust Advisors, L.P.: A resurgence of new Coronavirus cases around the country has created uncertainty for investors. Stock markets fell last week, not because of the virus, but because investors fear another round of economy-killing, government-mandated lockdowns. We don’t expect that to happen, but when the government is involved, risks are definitely higher. After the peak in early April, the seven-day moving average for new cases bottomed on June 9 at 21,282. Since then, they’ve surged, hitting 39,662 per day in the seven days through yesterday. That’s an 86% increase in only 19 days. (Daily volatility […]