Weekly Economic Updates

  • Special Economic Report: March 30, 2020

    A recession is likely, yet compared to recent weeks, there are encouraging signs in fiscal policy response and market activity. We are now likely at the lower end of leverage in the system and the volatility associated with recent deleveraging… Read More

  • Good News: CARES Act & Required Minimum Distributions Are Waived

    Required Minimum Distributions Are Waived In 2020 Section 2203 of the CARES Act amends IRC Section 401(a)(9) to suspend required minimum distributions (RMDs) during 2020. The relief provided by this provision is broad, and applies to Traditional IRAs, SEP IRAs,… Read More

  • Special Market Update: March 25, 2020

    Congressional Stimulus is Approved The $2trn stimulus package agreed by Congress will include a permanent fiscal expansion worth up to 5% of GDP and, in conjunction with the new lending facilities announced by the Fed, could channel up to $6trn… Read More

  • Special Market Update: March 24, 2020

    In February, I met and had lunch with Joe Davis, Vanguard’s Global Chief Economist, and he was kind enough to send me his latest thoughts on his forecast of the US Economy. JOE DAVIS Vanguard Global Chief Economist A sharp… Read More

  • Special Market Update: March 23, 2020

    The bull market, which showed no signs of slowing at the beginning of the year is stopped in its tracks due to the coronavirus. The whirlwind of market volatility persists, with the stock market posting dramatic single-day moves that are… Read More

  • Special Market Update: March 20, 2020

    Stocks closed higher yesterday as the market tries to put in a bottom. The Dow is now up 6.18% off its lows, with the S&P up 5.65%, and the Nasdaq up 6.94% off its lows and today seems like a… Read More

  • Special Market Update: March 17, 2020

    We have been closely tracking the data associated with the COVID-19 coronavirus and the impact it has had on the global economy and markets. At BWFA, the health and well-being of our employees is a top priority. We have already… Read More

  • Special Market Update: March 16, 2020

    BWFA continues to monitor the changing global financial market conditions. Since our last update there have been some dramatic steps taken by the United States government both through fiscal and monetary policy changes in an effort to combat the effects… Read More

  • Special Market Update: March 12, 2020

    This week marked the end of the longest bull market on record for the United States. Since October 9, 2007 (the peak preceding the Financial Crisis) to February 19, 2020, US equities (as proxied by the S&P 500 total return… Read More

  • Special Market Update: March 9, 2020

    The Markets (as of market close March 6, 2020)   There have been mounting concerns about the spread of the coronavirus and the potential impact on the market (and your health). This concern has expressed itself in the global financial… Read More