March 12, 2020  Dear Clients and Friends,  At SlateStone Wealth, the health and safety of our clients, employees, and business partners is a top priority as is providing a high-level continuation of our services in times of uncertainty.  Amid the growing concerns over the spread of the novel coronavirus (COVID-19), we are taking additional steps [...]

Things you need to know: The macro news gets worse – yet the Nasdaq goes positive on the year US/China confirm Phase 1 of the trade deal Nieman Marcus files for bankruptcy 85 companies and counting cut or suspend their dividends Try the Cavatappi w/Arugula and Cannelloni Beans 33 million Americans have filed for unemployment [...]

Things you need to know: Bank Of England holds rates steady Eurozone finance minister warns of a “recession of historic proportions” ADP reports 20,500,000 job losses over the month – Will NFP support that claim? Oil surges 10% as China reveals increases in imports Try the Veal It’s a tug of war – one day [...]

Things you need to know: Stocks continue to advance as the country begins to wake up Trump begins to wind down his virus task force – while admitting that we risk additional deaths to get the country going. Eurozone macro data suggests a widening divide between North & South Oil – surges by 20% and [...]

Things you need to know: Investors discount the Buffet news and focus on the “re-birth” Oil rallies for the 6th straight day as expectations for demand increase Eco data expects 20 million job decreases and another 3 million new claims. Try the Mahogany Roasted Chicken. Stocks did an about face yesterday as investors suddenly had [...]

Things you need to know: The push to test lower continues Buffet holds his annual meeting via ZOOM and says “Don’t bet against America” after he sold all of his airline holdings. (but to be fair – the investment thesis changed for him) Oil under pressure as supply glut concerns rise Mohammed El Erian suggests [...]

Things you need to know: It’s May Day – Many market centers closed Stocks fall yesterday and fall further this morning as reality hits home Economic & Market Divergence is all about the FED Try the Risotto Mazzo Reality Check – Aisle 5! Stocks under pressure! Stocks sank on Thursday as the run up that [...]

Things you need to know: Energy explodes higher – Trump to announce a support package Oil jumps as the glut is less than expected Gilead surges on the remdesivir trial GDP, Personal Consumption and Pending Home Sales plunge Fed Chair “Papa” Jay Powell comes to the rescue Try the Persian Stew IT’S A NEW DAY! [...]

Things you need to know: Consumer Confidence ended up as the scapegoat GOOG smashed it and surges 8% in pre-mkt trading Futures are higher ahead of the FOMC announcement Oil surges by 15% after inventories rise LESS than expected Try the Veal Scallopine The buoyant mood on Tuesday morning turned sullen after what the media [...]

Things you need to know: Stocks surge up and through resistance leaving worries behind It’s a big earnings day and so far it’s all good – even as companies forgo guidance Europeans look to begin to re-open while the US has already begun Oil under pressure as the USO sells all their exposure to June [...]