Articles by Peter Donisanu

The CARES Act and Thriving During a Downturn

By the time the U.S. economy reopens weeks from now, tens of millions of people will have lost their jobs and thousands of small businesses will remain shuttered on account of the COVID-19 outbreak.  Estimates of the economic impact differ widely and it’s very likely that the ultimate financial cost of the coronavirus will take months if not years to fully understand.  As we pointed out in our report last week, Congress has stepped up to support ailing households and…


Adjusting to Seismic Shifts

In the blink of an eye the coronavirus has fundamentally changed our world in more ways than we can imagine.  While it seems like an eternity ago, it only has been a matter of days since Pennsylvania Governor Tom Wolf issued his first stay-at-home order for a few counties in the state.  This week, the Governor expanded his order to all counties throughout the Commonwealth and for a period of at least 30 days.  In recent weeks, many states have…


When will they shut the markets?

Global risk assets continued to move lower on Monday, pushing the current selloff well into bear market territory and on pace with a level of volatility not seen since the market crash of 1987.  To be sure, the S&P 500 index shed over 12% in another unpredictable day of trading and follows the surprise FOMC meeting on Sunday that slashed the fed funds rate by 100 basis points and saw the restart of its asset purchase programs.  What has become…


Is now the right time to get into the markets?

It would be an understatement to say that financial markets have experienced a bit of volatility this week.  In fact, the VIX surged to its highest level since the height of the Global Financial Crisis more than a decade ago.  To be sure, we believe that a host of issues ranging from the unmitigated spread of the coronavirus in the U.S. and around the world, a seeming concerted effort by the Saudis and Russians to flood the oil markets and…


Three quick steps to help manage financial anxieties during uncertain times

If the coronavirus, recession angst or elections are keeping you up at night or have generally increased your level of anxiety, you can take comfort in knowing that what you’re feeling is natural.  In fact, our brains are primed for an anxiety response during times of heightened uncertainty.  At least that’s according to one research paper published in the journal Nature.  And as the researchers point out, higher levels of uncertainty disrupt our ability to assign clear probabilities of success…


Economic update: Downside risks still increasing

The outlook for the U.S. and global economy has deteriorated yet again.  Unsurprisingly, the culprit behind the outlook downgrade has been news of the coronavirus’ continued spread.  To be sure, risk assets sold off this week and financial market volatility increased as concerns about the virus and its potential impact on the global economy dented investors’ up-until-recent euphoric sentiment.  More importantly, worries about the coronavirus come at a time when economic conditions in the U.S. and around the world remain…


Are Democratic Candidates’ Proposed Economic Policies Disruptive?

The race for the Democratic Presidential nominee remains crowded with eight candidates (as of this writing).  Yet, with Super Tuesday just around the corner, the list of candidates is likely to be winnowed quickly.  And one deciding factor that could make (or break) the decision for the Democratic Presidential nominee in July is likely to be a candidate’s economic policy.  But what exactly are the candidate’s positions and more importantly, why should they matter to savers and investors?  In this…


What should you know about the SECURE Act?

If you are preparing for retirement, are currently retired, or own a small business chances are you’ve probably heard something about the SECURE Act.  So what is it?  Simply put, the SECURE Act is a law that makes it easier for small business owners to offer attractive retirement savings opportunities to a population of workers largely underserved by retirement savings options. In this week’s blog post, we explore a high-level overview of the SECURE Act and its implications for businesses…


Why the coronavirus is relevant to your finances

It’s getting harder and harder to ignore the potential financial fallout from the novel coronavirus (nCoV-2019) outbreak underway.  Some of this fallout was evidenced in the global stock selloff on Friday and futures (as of this writing) point to a weaker start at Monday’s open.  Indeed, the concerns surrounding the ongoing spread of nCoV is likely to weigh on market sentiment for weeks.  But why is nCoV relevant from a financial perspective?  Well, in our opinion, the quickening spread of…


Cut costs to increase investment returns

Cutting costs may be one of the most effective ways to increase investment returns this year.  To be sure, some investors have been riding a wave of positive market momentum over the past year as lower central bank policy rates have broadly boosted asset prices and seemingly contributed to easy investment returns.  While monetary policy could be supportive of risk assets in 2020, we expect prices to remain susceptible to quick reversals as markets remain near historic highs.  In fact,…