2020: A Stunning First Four Months!

As the following performance data of the S&P 500 attests, the recent rally in stock prices has been a gift! Three events account for the S&P 500’s spectacular recovery. 1. Massive fiscal and monetary support for credit markets, companies and the economy. 2. Hope for the continued progress in taming the coronavirus pandemic, especially the […]

Operations Update: Working from Home

The past several emails from NWCM to clients have focused on the pandemic and on the bear market. Staff have been getting an extra hour or two of sleep lately with the recent market rally. (Hopefully, clients have been sleeping better, too!) In the near future, client emails will most likely revert to our thoughts […]

“Almost There” Highlights of the CARES Act

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 Pandemic. We want to hear our beleaguered healthcare professionals have enough […]

Waiting for Good News

“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 information and news, both on the COVID-19’s ability to create a devastating health […]

Why is COVID-19 Like a Lily Pad?

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 days. And for the first 40 days, you don’t even notice the lily pads. The […]

Thoughts on Coronavirus

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 these effects will persist over the long-term or impact our ability to fulfill our […]

Is There a Buying Opportunity?

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 this question, we looked at the performance of the markets after various pandemics. The […]

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 new legislation affects current retirement and estate planning in many ways. Ultimately, its intent is […]