Topics: Financial markets review, The “R” word (recession), Gov’t debt, and inflation implications. Originally streamed on July 14th, 2020.

Vector is pleased to announce that Thomas Fee has been named by Five Star Professionals as a Five Star Wealth Manager in 2020. This is Tom’s 6th year of inclusion in the The Five Star Wealth Manager awards.

Vector is pleased to announce that Sharon Calhoun has been named by Five Star Professionals as a Five Star Wealth Manager in 2020. This is Sharon’s 6th year of inclusion in the The Five Star Wealth Manager awards

Vector Wealth Management is pleased to be ranked as one of the Top 12 Minnesota Wealth Management Firms in 2020 by AdvisoryHQ.

Corporate earnings season is underway, a time when companies announce prior quarter results and provide forward guidance and expectations

The short period during which the U.S. stock market went into a bear market decline of -34%, bottomed, and then advanced +39% has been remarkable. The stock market decline was matched by a rapid change in the economy, contracting into a recessionary environment with record unemployment figures.

This quarter, the number of guidance announcements to date is about half of the typical amount. This lack of guidance means there are more “assumptions” being made on where earnings will land, which financial markets dislike, and can ultimately lead to an increase in volatility.