Are stocks overvalued in this bear market? When will it end? Portfolio strategist Lance Roberts offers his perspective on the near future of the markets. Businesses should expect changes in round two of the PPP. The second Payroll Protection Program aims to correct some oversights in the first, as Katanga Johnson writes for Reuters. Savers are finding ways to profit despite 0% interest rates. Paul LaMonica details new sources of income for those with traditional savings accounts.
Estimating The Earnings Crash — While estimates have indeed been lowered by Standard & Poors (latest update was April 19th), the earnings revisions are a long way from reflecting what earnings will look like over the next couple of quarters. The bear market is not over yet, as the portfolio strategist/economist for RIA Investors explains. Read more…
U.S. Payroll Protection Program: What Has Changed In Round Two? — To address concerns that some of the first tranche of money bypassed small businesses in favor of Wall Street companies and big business, Congress, the SBA and the U.S. Treasury Department have made changes to program rules. Katanga Johnson summarizes some of the changes for Reuters. Read more…
The Fed’s Low Rates Will Punish People Who Save — The Fed is unlikely to raise interest rates above 0% anytime soon. Federal funds futures trading on the Chicago Mercantile Exchange show that investors are pricing in a zero-percent chance of a rate hike at the Fed’s next eight meetings — going all the way out to March 2021. What should savers do? Paul LaMonica lists some options for CNN Business. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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