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Remember back on July 30th, the Commerce Department reported that GDP decreased at an annual rate of 32.9% in the second quarter of 2020. It was the worst quarterly decline in history. And unfortunately, that almost 33% decline was on the heels of a 5% decline in the first quarter.

Well on October...

weak dollar

Stock markets have been very strange this year. We witnessed the fastest sell-off in history between February and March, with the S&P 500 falling more than 30%, only to enjoy the best recovery ever, reaching an all-time high on August 21.

Institutional investors and especially pension funds have g...

Starting with the last week in July and for the first three weeks of August, investors celebrated that the S&P 500 had advanced for four consecutive weeks, culminating with it passing its pre-COVID peak from February 19th on August 17th.

For perspective, recall that the S&P 500 closed at a then r...

worst dgp drop ever

Remember back in late May when the Commerce Department reported that our U.S. economy shrank at an even faster pace than previously estimated in the first quarter of 2020 and consensus expectations suggested that the second quarter of 2020 would be far worse? Well, it happened.

On Thursday, July 3...

inflation grocery cart isle

You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. But what is inflation and how does it really affect your retirement savings?

In simple terms, inflation is defined as an increase in the general level of prices for goods and services. Deflat...

Our Economy Shrank By 5% in the First Quarter

On May 28th, the Commerce Department reported that our U.S. economy shrank at an even faster pace than previously estimated in the first quarter of 2020 and consensus expectations are that the second quarter of 2020 will be far worse.

Gross domestic product – often considered the broadest measure...