Covid-19 Pandemic Spending
Spending soared in May to a record 8.2%, reported by the Commerce Department, accompanied by an increase in personal income which rose 10.5% in April....
Macro Economic Overview – September 2020
U.S. equity indices rebounded in August to pre-pandemic levels that were last reached in early March of this year. The dramatic recovery in equity valuations...
Difficulty for the IRS due to Covid-19
As the pandemic has taken a toll on income for individual businesses, companies, and families across the country, it has also taken a toll on...
Economic Data Hindered by Covid-19 Pandemic
Among the many disruptions caused by the pandemic, government data collection has been hindered considerably. Various agencies and departments of the federal government have relied...
Market Index Update as of August 31, 2020
Stock Indexes: Dow Jones 28,430 S&P 500 3,500 Nasdaq 11,775 Bond Sector Yields: 2 Yr Treasury 0.14% 10 Yr Treasury 0.72% 10 Yr Municipal 0.81%...
Equity Markets Driven Higher in August
The recovery of U.S. stocks from the depths of the market turmoil in March, when the pandemic became official, has been unprecedented. Equity values returned...
30 Year Mortgage Rates Drop to Record Lows – Fixed Income Overview
Continued low rates drove mortgage rates to their lowest levels ever, pushing the average 30- year fixed conforming rate to 2.99% in July as reported...