"Almost There" Highlights of the CARES Act

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We should be on the verge of the start of MLB baseball season, with all the anticipation generated by spring training nearly behind us. Like a runner stranded on third base, we are yearning to “cross home plate” in our contest with the COVID-19…

Waiting for Good News

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“The optimist sees the doughnut; the pessimist sees the hole.” ― Oscar Wilde “If you change the way you look at things, the things you look at change.” ― Wayne Dyer Over the past several weeks we all have been inundated with…

Why is COVID-19 Like a Lily Pad?

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Thankfully, COVID-19 finally has everyone’s attention. Why “thankfully”? The coronavirus is like a single lily pad in a pond. Assume a lily pad replicates itself every two days. How many days before the pond is covered in lily pads? 47…

Thoughts on Coronavirus

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Like many around the world, we are saddened by the loss of life and disruption caused by the outbreak of the coronavirus (COVID-19). While the outbreak has already impacted equity and fixed income valuations, we continue to believe it is unlikely…

Is There a Buying Opportunity?

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The fear over the spread of coronavirus and the spike in market volatility this past week are capturing headlines. One question we are being asked by clients is if the current decline in the markets is a “buying opportunity.” To help answer…

Is the SECURE Act a Gift or a Lump of Coal?

As 2019 was drawing to a close, many people missed the Christmas present Congress gave us in the form of major tax law change passed on Friday, December 20, 2019: the SECURE Act (Setting Every Community Up for Retirement Enhancement Act). This…

PROTECT YOURSELF FROM SMISHING!

There’s a new word you need to learn: smishing. And you need to protect yourself from it! The occasion of email phishing scams is so frequent, we should be very conscious of these criminal efforts. Do you studiously review emails from…

DISSENT AT SEC OVER FIDUCIARY STANDARDS

Last year, the Department of Labor rolled back implementation of regulations that would have set high standards of fiduciary care, rules heartily supported by NWCM and firms like ours.  Given our disappointment in the rollback, we hoped the…

TROUBLE WITH THE CURVE

The yield curve inverted for the first time since 2007. Yield curve inversions have preceded the last 7 recessions. Inversions tend to happen when the Federal Reserve raises short-term interest rates yet long-term bond yields decline (indicating…