JPMorgan Chief Jamie Dimon’s 66-page annual letter to shareholders came as an early gift last week ahead of big bank earnings. Don’t worry, I’m not going to give you a spiel the same length as the letter. Relevant short highlights will suffice. The CEO’s report included things like lessons learned from his leadership since
Good Afternoon, With spring in full bloom, surprisingly the news this week has been relatively calm. California hopes to reopen by mid-June, vaccines will open up to all adults, and the markets continue to make gains. On Tuesday, President Biden announced that every adult ages 18 and over, will be eligible to get vaccinated starting
The close of the first quarter of 2021 brought new milestones for the markets. On the very first trading day of the second quarter, the S&P 500 crossed 4,000 for the first time and closed at 4,019. This new record came after Wednesday’s bounce in tech stocks which seesawed from the highs in early
Good Afternoon Valued Clients, Friends and Family, As we hop into the long weekend, there has been quite a bit of news this week as we end the first quarter of 2021. March Madness proved to be unpredictable, vaccines in California have opened to anyone over age 50 and the market has been neither
Many of you know I have two young children. And with having two elementary school-aged kids, I have been re-reading some of the classics including Shel Silverstein’s poems and the timeless Beverly Cleary novels. Cleary’s series about the adventures of a young (and dramatic) Ramona Quimby captured my love decades ago when I first
Good Afternoon, Spring began this past Saturday, and it has been a beautiful week. I have been sitting out in my yard and simply enjoying the spring weather. I always think of spring as a new beginning with the fresh flowers and fresh air. This week, my spring began by receiving my first dose
Tomorrow officially marks one year since the market bottomed, instigated by the current pandemic-induced recession. Since then, the S&P 500 has gained about 76%. With the sheer amount of stimulus rolled out by the central bank and the federal government, it’s not surprising that most market indices have been on a tear since March.
Good Afternoon Valued Clients, Friends and Family, With the celebration of St. Patrick’s Day, this week has brought good news. More Americans are getting vaccinated and receiving checks, the market is making waves, and the federal tax deadline has been extended. There seem to be greener pastures ahead. St. Patrick’s Day or the Feast
Last week, fixed income markets made up much of the headline news. Towards the end of last week, the U.S. Treasury sold over $120 billion in 3, 10, and 30-year bonds. Meanwhile, on the corporate side, Verizon Inc. launched a $25 billion bond sale, marking the sixth largest corporate bond sale on record. Then
Good Afternoon, This week marks the one-year anniversary of the global pandemic COVID-19 and Americans were impacted from sea to shining sea. However, we are on the mend with additional stimulus, increased vaccine production, and the resilience of the markets. After months of negotiations, Congress officially passed the $1.9 trillion stimulus bill on Wednesday
