But as jobless claims explode while the coronavirus takes its toll, we have heroes at the nation's hospitals and heroes delivering packages and stocking shelves, and we have possibly the greatest Fed ever.
Jay Powell understands the history of the Fed and the mistakes it has made.
Is there a fear of inflation? Is there a chance to go negative? What's next? Here's what we can conclude from the body's own words.
With indications that new coronavirus cases may be plateauing and that stimulus measure are getting in gear, there are reasons for hope.
As the Covid-19 crisis takes its toll on our people and economy -- and the world's -- we must break things down as simply as possible to see what's happening.
With a $1 trillion bond, we could be sure that we have national testing and everyone has to be tested, we could actually build the PPE factories and put people to work.
Most of the Fed's programs have been aimed at financial markets functioning.
'The Fed has just put the economy in an induced coma, attaching it on fiscal and monetary life support, hoping that when the time passes it can be brought back to life.'
Given recent actions, the way we view fixed income may be changed forever.
After a strong day for fixed-income markets, let's learn from 2008 how to play this volatility.
The quantitative easing program was explicitly expanded to become unlimited, so let's pick through the details of what this means -- and what it means for bonds.
Watch these three ETFs for the signs that Fed support is working.
Reallocating your portfolio to reflect the new reality impacting the global economy isn't panicking.
Action in a lot of these other securities only makes sense if there is a liquidity squeeze going on.
Let's talk about opportunities amid the coronavirus crisis, and how Fed Chair Jerome Powell took bold action that puts us in a better position than before.
Here's how the central bank's actions might help.
Dramatically slashing interest rates to zero and promising huge asset purchases are instilling fear, not confidence, in market participants.
Let's be clear. The virus is the problem, and the economy will contract, perhaps significantly so, regardless of policy efforts made to counteract this reality.
I'm still not sure a bottom is in play in the market yet, but I do feel like we have the setup for a bounce.
The spread of the Covid-19 virus must be slowed dramatically before the entire nation is in a state of isolation.
The markets clearly do not like the message the president delivered in his talk Wednesday night on how Washington will deal with the coronavirus.
Here's my take on bonds and the economy amid the coronavirus outbreak, which policies would work -- and what to considering buying now.
Markets appear stable. Do we trust it? Can we trust it? Of course not.
We need to restore confidence by preparing for the worst and recognizing the seriousness of Covid-19.
A look at GLD and the Fidelity Select Gold Portfolio fund.
During the Financial Crisis, the bailouts were politically toxic. Today, not providing this kind of stimulus will be politically toxic.
Right now there are two scenarios that get us to risk-on mode.
Sentiment on U.S. stocks has changed, and you need to plan accordingly.
Would love to know if Warren Buffett is adding here, or keeping his powder dry. Would simply love to know.
And the bond market isn't saying encouraging things just now.