On March 27, 2020 the U.S. House of Representatives sent a $2.2 trillion emergency fiscal stimulus package, called the Coronavirus Aid, Relief and Economic Security Act to the White House for the president’s signature. The CARES Act, representing approximately 10% of the annual gross domestic product (GDP) of the United States, was designed to blunt the negative economic impacts of…
Year: 2020
A Message To Our Clients
Dear Clients & Friends: There aren’t really any words to accurately describe the week we all just experienced. In the news, in our local schools and stores, in our own homes, and of course in financial markets. It has been unprecedented in every way. There are lots of opinions floating around about what’s happening—why the market seems to be falling…