By Tom Burnett, CFA Looking at the latest data from FACTSET, it is apparent that the negative impact of the Coronavirus outbreak on economic growth is falling on corporate earnings forecasts. As economists revise downward their full year 2020 projections for U.S. GDP growth, research analysts are lowering…
By Tom Burnett, CFA In order to help consumers, investors and workers deal with the Coronavirus outbreak’s economic slowdown, the Federal Reserve has instituted a series of dramatic actions intended to stabilize the markets and the global economies. On March 15, 2020, the Federal Open Market Committee…
By Tom Burnett, CFA In order to help consumers, investors and workers deal with the Coronavirus outbreak’s economic slowdown, the Federal Reserve has instituted a series of dramatic actions intended to stabilize the markets and the global economies. On March 15, 2020, the Federal Open Market Committee…
By Tom Burnett, CFA In a March 10, 2020, Wall Street Journal Opinion letter, former Federal Reserve member and current Princeton University professor Alan S. Blinder indicated that he is ‘90% sure’ that the U. S. economy will enter a recession (defined as two consecutive quarters of negative GDP…
By Tom Burnett, CFA On March 9, 2020, the global stock markets sold off sharply. Several factors accounted for the sell off, but the two primary culprits were the Corona Virus scare (which will limit travel related business and create supply chain disruptions) and the OPEC-Russia crude oil pricing conflict…