July 22, 2020—Once the epicenter of the global coronavirus (COVID-19) outbreak, Europe is taking significant fiscal actions to support European Union (EU) efforts to climb out of a deep recession. These actions come on the heels of the European Central Bank’s (ECB) emergency monetary initiatives.
July 13, 2020—Stock earnings season typically provides a hiatus from the macro news cycle and offers a more granular view into the health of businesses across the economy. As we head into reporting season for the second quarter, we think investors may need to brace for disappointment–not necessarily for the revenue and earnings figures themselves, but rather for the lack of guidance on the road ahead.A whole lot of uglyMake no mistake: the second quarter will be ugly.
June 19, 2020—It’s official. The longest economic expansion in U.S. history back to 1854 ended in February 2020, according to the National Bureau of Economic Research (NBER).[i] The coronavirus pandemic ended an expansion that chugged along for ten years and eight months, as business closures and social-distancing measures to contain the outbreak brought economic output to a screeching halt in the span of just two months.