Therapeutic breakthroughs and vaccine tests could bring us relief sooner than later In another volatile week, the equity markets staged a dramatic rally to lessen the impact of this month’s selloff. Expectations for the $2 trillion Coronavirus relief bill, which received bipartisan support in Congress this week and was quickly signed by President Trump on Friday, provided encouragement to investors. The bill provides funding for U.S. individuals and corporations seeking relief for the dramati… View More
Best week for the Dow since the 1930's and making strides on the Coronavirus….From the longest Bull market in history… to a bear market… back to a Bull market… all within 3 weeks...truly historic events are at hand We wanted to drop you a short note after the last few weeks, which have been nothing short of exhausting and nerve racking. After many record down and record up trading sessions, it appears the markets may have finally found an equilibrium on Monday. With our war on this sile… View More
Most of the world is now hunkered down. We’re socially distancing ourselves from each other in the tiny clusters of our nuclear families for an unknown period. The stock market has plunged at a record speed, wiping out gains made since December 2018, and with fears of more selling to come. But there is light at the end of the tunnel as efforts are underway on various fronts, healthcare therapies and Government financial stimulus, that may show us the path forward. And finding that path is the… View More
Although the final text of the stimulus package is not complete yet, there is a senate-produced summary of the legislative compromise (follow link below). It walks though the stimulus package section by section in an easy to read fashion. When the final text becomes available, we will send it out. Sincerely, Fortem Financialwww.fortemfin.com(760) 206-8500 Stimulus Package Senate Summary of Legislative Compromise Read Story … View More
Good morning. The federal government and the Federal Reserve are using their massive balance sheets to fight any significant surge in unemployment stemming from the coronavirus. Policymakers are viewing the fight against the coronavirus as a wartime-like event and they are putting wartime resources behind the effort. Last night, negotiators reached agreement on a roughly $1.8 trillion fiscal stimulus, with most of the tax and spending changes front loaded to cushion the blow from a temporary de… View More