Charlie’s Finance Articles May 2020

Here are Fort Pitt Capital Group’s finance articles for May 2020: We start off with the Bloomberg article, “Wall Street mines Apple and Google mobility data to spot revival.” COVID-19 is like no other shock to the markets, so most investors are discounting traditional indicators of a recovery and getting…

The Kitchen Sink

If I’ve learned anything in the last few weeks, I now know what the Federal Reserve’s kitchen sink looks like! Since mid-March, in response to the worldwide COVID-19 crisis, the U.S. Federal Reserve has not only reduced the level of overnight interest rates to zero, but they’ve also revived many…

Markets Don’t Wait

There were two distinct phases to the first quarter. The first was characterized by an equity market surging to all-time highs. This phase quickly faded into what seems like a distant memory following the emergence of COVID-19 as a global pandemic, largely shutting down the global economy. Financial markets were…

The CARES Act: Questions & Answers

Right now, there are a lot of unknowns about COVID-19 and its ultimate impact, and we hope that you and your loved ones are staying safe and healthy. With so many questions, we wanted to shed light on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and answer…