Weekly Market Compass: The WPA put millions back to work during the Great Depression. Could this be a model for 2020 and beyond?
Unemployment rates for many countries are sky high and likely to remain high for some time.
In the last several weeks, stocks have exhibited weakness and higher volatility. I am convinced that rising US-China tensions are behind this, and that the potential for a reignition of the US-China tariff war could be the single biggest risk to the US stock market this year.
Invesco’s financial literacy program is designed to help advance the wealth conversations in which we believe families need to be engaging. The goal is to help families better understand how to accumulate, protect, and distribute wealth while building and maintaining a family legacy that will endure across multiple generations. The program provides a framework for incorporating all family members into these conversations, as well as financial and investment considerations for each stage of the life cycle.
Invesco’s “Compelling Wealth Management Conversations” program is designed to provide the broad philosophical and historical perspective that your clients need to defuse both their fears and misperceptions.
Weekly Market Compass: I believe Congress needs to help American households remain solvent through further stimulus
As expected, the US Employment Situation Report for April was abysmal. Unemployment rose dramatically as pandemic lockdown measures were implemented across the US, with hospitality and leisure posting the biggest job losses.
Weekly Market Compass: Some countries and states are easing lockdowns, while politicians debate what to do next
One month ago in this blog, I noted that April would be a critical month to gauge the global response to the COVID-19 pandemic.
Weekly Market Compass: Congress readies for negotiations over the next stimulus bill, while governors decide when and how to re-open state economies
For months, I have talked about the importance of policy in combatting the COVID-19 crisis: health policy, monetary policy, and fiscal policy.
Weekly Market Compass: The Federal Reserve unveils more tools to help the US economy while Congress debates its next step
A great deal of news has been announced over the last week, and it can be difficult to determine what’s the most meaningful for markets. Here are the items I’m focused on this week.
In the early stages of the COVID-19 pandemic, we talked about the need for an effective, global, three-pronged approach in order to achieve a “best-case scenario” outcome: 1) an appropriate health policy response to “flatten the curve” and control the spread of the virus, 2) an adequate monetary policy response to support financial markets and the economy, and 3) an adequate fiscal policy response to help soften the economic blow to households and businesses. We saw effective approaches, in different forms, in both China and South Korea.
Every morning, my day begins by discussing the latest developments in the coronavirus fight with my team of strategists on-the-ground in Hong Kong, Italy, London, Tokyo, New York and elsewhere. Today, my weekly blog features several members of Invesco’s Global Market Strategy Office, who answer the most pressing questions they’ve been hearing from investors who are concerned about COVID-19 and its impact on the global economy.