The US federal government recently shifted gears to allow individual states to open back up based on meeting certain criteria established in the guidelines, Opening Up America Again. Specific to lifting restrictions, states are making separate decisions about when and how they will re-open.

As Midwesterners, we know that warm weather can occur before spring’s grand opening, and yet, we can’t rule out a snow until almost June. In terms of weather, no single day represents a meteorological change of season. One parallel between seasons and financial markets is they both go through cycles and the transitions can take time

Imbalance: lack of proportion or relation between corresponding things. Recessions are broadly defined as a significant decline in economic activity, lasting more than a few months. Often, they are a result of imbalances that emerge in the economy.

“The human mind is our fundamental resource.” President John F. Kennedy spoke these words 59 years ago in a special message to congress in reference to our progress as a nation. Nobody knows how the COVID-19 chapter will unfold; however, we believe in the same common conclusion – we will get through this.

The US stock market (S&P 500) declined 20% during the first quarter, marking its worst-ever start to the year. In our review, the quarter was marked by three distinct phases: Contentment, Dislocation, and Repair.

Financial market repair is not necessarily a smooth ride. Stock markets tend to move like a pendulum, swinging from side to side, spending a rare amount of time in the uneventful middle

As we enter April, it is hard to believe that the COVID-19 emerged a relatively short time ago. It is not an understatement that the impact, a health crisis that is driving the world economy into a recession, is without precedent in our life experiences.