Positive Market Updates

This morning, the Federal Reserve cut interest rates by 0.50% (half of 1%) in an emergency move to help liquidity in our domestic markets ... who knows, we may even get to 0%. Central banks around the world and domestically continue to inject over $100 billions a month into their respective economies to support stability during this unknown period of coronavirus.

Last week in an interview with Fox Business, Apples' CEO Tim Cook shared his thoughts on China and the coronavirus saying, "I mean, if you look at the numbers, they're coming down day by day by day. So, I'm very optimistic there, ... ". He also commented on the reopening of factories in China that contribute to the Apple supply chain.

According to a WSJ article by Heather Haddon dated February 27th, she wrote regarding Starbucks, "Coffee giant says 85% of its roughly 4,290 stores in the country are operating again.". Kevin Johnson, Starbucks' CEO, wrote in a letter, "With the number of new cases in China slowing, we are seeing early signs of recovery in the region.".

 

Success in all your efforts,

John

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John R. Kinkead

Vice President of Wealth Advisement