U.S. Job Losses Accelerated in April in Response to Coronavirus Outbreak

By Tom Burnett CFA On May 8, 2020, the Department of Labor reported that the U.S. economy experienced job losses of 20.5 million in April. That decline compared to a loss of 870,000 in the prior month. In addition, employment for February and March was revised downward by 217,000. The unemployment rate…

By Tom Burnett CFA Investors are well of the bumpy road experienced by the main stock market indexes so far in 2020. Using data supplied by the May 5, 2020, “Wall Street Journal”, it is apparent that not all industry or Index groups have performed in a similar fashion. Market events thus far in 2020…

By Tom Burnett CFA On April 29, 2020, the Department of Commerce released its “advance notice” estimate of the nation’s annual rate of GDP growth for the first quarter of the 2020 year. The estimate came in at a negative annual rate of 4.8%, much greater than initial analyst estimates. The rate…

Kelleher Financial Advisors 1st Quarter 2020 Newsletter

By Tom Burnett CFA The latest FACTSET earnings summary forecast for the S/P 500 Index continues to reflect reduced expectations for 2020. The negative impact of the economic standstill resulting from the COVID-19 virus outbreak is beginning to show up directly in the consensus analyst surveys and forecasts…