Earnings season is offering clues to the market’s direction. Liz Ann Sonders and her team at Schwab advise investors how to go forward. Can the economy recover without a stimulus? The President of the Minneapolis Federal Reserve, Neel Kashkari, shares his thoughts with Reuters. This election may change how people gift. It depends on who wins the White House and the Senate, according to Christine Fletcher of Forbes. She explains what’s keeping benefactors in a holding pattern.
Schwab Market Perspective: Turning to Earnings Season — Business leaders are more confident in their outlook than when they reported second-quarter results, according to global business surveys. Can this optimism last? There are risks, of course, notably a potential resurgence in global COVID-19 cases. However, there are also reasons for optimism. Read more…
Fed’s Kashkari: Recovery Will Be Grinding And Slow Without More Stimulus — The U.S. economic recovery will slow down if unemployed Americans and struggling businesses do not receive more assistance, Minneapolis Federal Reserve President Neel Kashkari said on Thursday. Read more…
If Biden Wins, Should You Gift? –A lot of people are in a holding pattern these days, and not just because of COVID-19. Clients with significant assets are waiting for the 2020 election results to determine if they should make substantial gifts to take advantage of the current $11 million estate tax exemption. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.