Newsletters
July 2020
New Normal
May 2020
A Tour of the S&P 500
New Normal
“New normal” is a term that has been used to describe the economic circumstances that existed after the 2007-08 recession. Large amounts of personal wealth and capital were lost as housing values plummeted, stock prices fell, and jobs were lost. It took the stock market five years to recover, the housing market ten years, and the number of employed Americans seven years to reach their prior peaks. The term itself is oxymoronic: can something that is new be normal? We are dealing with much that is new this year – none of it seems normal.
DOWNLOADA Tour of the S&P 500
Like most aspects of life since the outbreak of COVID-19, this Memorial Day weekend was unlike those in the past. The majority of us did not travel, swim or go to the beach, cook out with friends, or hug our parents or grandparents. Our entire investment team looks forward to a time that they can analyze business prospects and make investment decisions without considering the far-reaching effects of the virus on society. There is still much that we don’t know about the virus even as case levels plateau and decline in many areas of the country that were hit the hardest.
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