May 23, 2023
Posted on May 22, 2023
Planning and Guidance, Tailored To Your Life and Goals
Posted on November 10, 2020
It’s said markets hate uncertainty, but that wasn’t the case last week.
Despite tremendous uncertainty about the outcome of the United States election, major domestic and international stock indices moved higher and the CBOE Volatility Index, better known as Wall Street’s fear gauge, moved 35 percent lower. Ben Levisohn of Barron’s reported:
“By all accounts, it should have been a terrible week for the stock market. At the close of trading on Friday, we still didn’t know whether Joe Biden or Donald Trump had won or which party would control the Senate. There was also set to be at least two recounts – one in Georgia, and one in Michigan – with likely more to come. It’s the kind of uncertainty that the market is supposed to hate.”
Yet, there was little fear to be found in financial markets. Investors’ confidence may have been grounded in a wave of positive economic news:
While that’s all good news, the number of coronavirus cases in the United States continued to increase last week. Randall Forsyth of Barron’s reported, “As politics at long last fades as a factor, the renewed surge in COVID-19 cases looms large…Even without renewed mandated lockdowns, however, people are apt to hunker down voluntarily…that could dampen the labor market’s recovery.”
This week we celebrate Veterans Day. The U.S. Department of the Interior is celebrating by giving veterans and Gold Star families free access to national parks, wildlife refuges, and other public lands, reported the U.S. Department of Veterans’ Affairs.
To gain free admission on Veterans Day 2020 – and every day after – anyone who has served in the United States Armed Forces, including the National Guard and Reserves, can show one of the following forms of identification:
The most frequently visited National Park Service sites across the country include:
Happy Veterans Day!
Since the beginning of the pandemic, we’ve seen our healthcare heroes risking their lives to care for COVID-19 patients. The healthcare workers’ courage and dedication inspired people to cheer and serenade them all over the world.
And now, we have more heroes to admire and express our gratitude: U.S. Postal Workers!
The New York Times ran a photo essay spotlighting the challenges postal workers faced as they worked very hard to keep democracy humming. An estimated 60 million ballots were returned by voters before Election Day.
The USPS employs nearly 500,000 career employees, and they are the most visible government employees in the country. This election, the USPS was politicized like never before, but postal workers did their jobs like the unsung heroes they are.
You can see the NYT photo essay here.