The coronavirus has brought illness, death, unemployment, hardship, uncertainty, and a widespread recession. According to the IMF’s World Economic Outlook, global economic production of all goods and services is forecast to decline by 4.9% in 2020, gutting production by a whopping $4 trillion. For comparison, the size of this downturn is greater than Germany’s total
read more -4.9% Global GDP 2020 ForecastMonth: June 2020
2020 Covid-19 → Leaders & Laggards
This year has been highly irregular because of coronavirus. The world has been hit with a pandemic that has shocked our way of life and astounded all. Job losses, business closures, empty office buildings, disrupted travel plans, modified dining habits, hotels, and lodging vacancies, have ripped the seams of our accustomed social fabric. It’s unsettling.
read more 2020 Covid-19 → Leaders & LaggardsPalm Beach County ►Covid19 Update
There have been 9,262 positive cases of coronavirus in Palm Beach County. 50% of all infected persons were between the ages of 15 to 54. 451 people have died from the disease locally, of those inflicted 94% were ages 55 and over. 85% of those that died were over 65. The largest group of deaths
read more Palm Beach County ►Covid19 Update
The Great Retail Revival
Wow! Consumers #trump Covid19 last month by increasing retail spending by a whopping $62.3 billion, month-over-month. Retail sales (ex. food services) after plummeting 17.5% from record levels has quickly rebounded to within 3.7% of that threshold. The increase was a watershed for merchants and a proxy of consumers’ pent-up demand: Sporting goods, hobby, music stores
read more The Great Retail RevivalSam Stovall – Main Street’s Market Savant
When it comes to reading the mercurial stock market tea leaves, I’ve recognized the Maven of Manhattan, Sam Stovall, CFRA Chief Investment Strategist, to be the keenest of all. Mr. Stovall is the patriarch of Sector Investing, meaning that Sam is your go-to guy when it comes to rotating from one industry to the next
read more Sam Stovall – Main Street’s Market Savant