-
Categories
Weekly Investment Update
On Sunday, Congressional leaders in the House and Senate announced that they had finally come to agreement on a long-awaited additional stimulus bill to mitigate the economic impact of the COVID-19 pandemic. As of this writing, some of the final details of the bill remain uncertain, and the official vote is expected to happen on Monday. The bill will then be sent for President Trump’s signature.
It has been reported that the bill will total approximately $900 billion in aid, and key provisions of the bill include:
- $600 in direct payments for each adult and their dependents (potentially subject to income limits)
- $300 per week for enhanced unemployment benefits
- $284 billion in addition funds toward the Paycheck Protection Program
- $15 billion in support of live venues, independent movie theaters and cultural institutions
- $25 billion in rental assistance and an extension of the eviction moratorium
- $82 billion for education providers such as schools and colleges
- $10 billion for childcare assistance
- $13 billion in increased Supplemental Nutrition Assistance Program and child nutrition benefits
- $7 billion to bolster broadband access
The bill is also expected to include a significant amount of funds directly related to vaccine distribution, testing, and contract tracing, as well as tax credits to help employers offer paid sick leave[1]. The new bill is roughly half the size of the $2 trillion CARES Act signed in March, though still one of the largest in US history. The $600 in direct payments and $300 in enhanced unemployment benefits are half of what was originally included in the CARES Act.
Key Economic Releases This Week
Asset Class Returns
Prices & Interest Rates
[1] https://www.cnn.com/2020/12/20/politics/second-covid-stimulus-package-details/index.html
Past performance may not be representative of future results. All investments are subject to loss. Forecasts regarding the market or economy are subject to a wide range of possible outcomes. The views presented in this market update may prove to be inaccurate for a variety of factors. These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data. Please contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.
<!– {"name":"Weekly Investment Blog","type":"layout","children":[{"name":"Top Image (Featured Image)","type":"section","props":{"style":"default","width":"default","vertical_align":"middle","title_position":"top-left","title_rotation":"left","title_breakpoint":"xl","image_position":"center-center","height":"full","padding_remove_top":false,"padding_remove_bottom":false,"image_size":"cover","padding":"xlarge","image_effect":"parallax","image_parallax_bgy_end":"100","image_parallax_bgy_start":"-100","animation":"fade","animation_delay":true,"image_parallax_breakpoint":"m","image_width":"1560"},"children":[{"name":"","type":"row","props":{"layout":"1-3,2-3","divider":true,"vertical_align":true},"children":[{"name":"","type":"column","props":{"image_position":"center-center","vertical_align":"middle","media_overlay_gradient":"","width_small":"1-3"},"children":[]},{"name":"","type":"column","props":{"image_position":"center-center","text_color":"light","vertical_align":"middle","media_overlay_gradient":"","width_small":"2-3"},"children":[]}]}],"source":{"query":{"name":"posts.singlePost"},"props":{"image":{"name":"featuredImage.url","filters":{"search":""}}}}},{"name":"Blog Content","type":"section","props":{"style":"default","width":"default","vertical_align":"middle","title_position":"top-left","title_rotation":"left","title_breakpoint":"xl","image_position":"center-center","padding":"large","padding_remove_bottom":false,"animation_delay":false},"children":[{"name":"","type":"row","props":{"layout":"1-3,2-3","vertical_align":false},"children":[{"name":"","type":"column","props":{"image_position":"center-center","media_overlay_gradient":"","width_small":"1-3"},"children":[{"type":"image","props":{"margin":"default","image_svg_color":"emphasis","image":"wp-content\/uploads\/2020\/06\/Trans_Blue-Crown.png"}},{"name":"","type":"headline","props":{"title_element":"h2","title_decoration":"bullet","title_style":"h3"},"source":{"query":{"name":"posts.singlePost"},"props":{"content":{"filters":{"search":"","date":""},"name":"date"}}}},{"type":"list","props":{"show_image":false,"show_link":true,"image_svg_color":"emphasis","image_align":"left","image_vertical_align":true,"list_size":"","list_element":"ul","column_breakpoint":"m"},"children":[{"type":"list_item","props":{"content":"
Categories”}},{“type”:”list_item”,”source”:{“query”:{“name”:”categories.customCategories”,”arguments”:{“id”:0,”offset”:0,”limit”:10,”order”:”term_order”,”order_direction”:”ASC”}},”props”:{“content”:{“name”:”name”,”filters”:{“search”:””}},”link”:{“name”:”link”,”filters”:{“search”:””}}}}}],”name”:”Blog Category List”}]},{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_small”:”2-3″},”children”:[{“type”:”headline”,”props”:{“title_element”:”h1″,”content”:”Weekly Investment Update”},”source”:{“query”:{“name”:””},”props”:{“_condition”:{“filters”:{“condition”:”!!”},”name”:”title”}}}},{“name”:””,”type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
On Sunday, Congressional leaders in the House and Senate announced that they had finally come to agreement on a long-awaited additional stimulus bill to mitigate the economic impact of the COVID-19 pandemic.\u00a0 As of this writing, some of the final details of the bill remain uncertain, and the official vote is expected to happen on Monday. The bill will then be sent for President Trump\u2019s signature.\u00a0\n
It has been reported that the bill will total approximately $900 billion in aid, and key provisions of the bill include:\n
- \n
- $600 in direct payments for each adult and their dependents (potentially subject to income limits)\n
- $300 per week for enhanced unemployment benefits\n
- $284 billion in addition funds toward the Paycheck Protection Program\n
- $15 billion in support of live venues, independent movie theaters and cultural institutions\n
- $25 billion in rental assistance and an extension of the eviction moratorium\n
- $82 billion for education providers such as schools and colleges\n
- $10 billion for childcare assistance\n
- $13 billion in increased Supplemental Nutrition Assistance Program and child nutrition benefits\n
- $7 billion to bolster broadband access\n\n
The bill is also expected to include a significant amount of funds directly related to vaccine distribution, testing, and contract tracing, as well as tax credits to help employers offer paid sick leave[1].\u00a0 The new bill is roughly half the size of the $2 trillion CARES Act signed in March, though still one of the largest in US history.\u00a0 The $600 in direct payments and $300 in enhanced unemployment benefits are half of what was originally included in the CARES Act.\u00a0″},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
\u00a0\n
Key Economic Releases This Week”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2020\/12\/12-21-2020-Key-Economic-Releases-This-Week.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
Asset Class Returns”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2020\/12\/12-21-2020-Asset-Class-Returns.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
Prices & Interest Rates”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”text_align”:”left”,”image”:”wp-content\/uploads\/2020\/12\/12-21-2020-Prices-Interest-Rates.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”text_size”:”small”,”content”:”
Past performance may not be representative of future results. \u202fAll investments are subject to loss.\u202f Forecasts regarding the market or economy are subject to a wide range of possible outcomes. \u202fThe views presented in this market update may prove to be inaccurate for a variety of factors.\u202f These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data. \u202fPlease contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.\u202f\u202f\u00a0″,”text_align”:”left”,”text_size”:”small”,”text_color”:”muted”}}]}]}]}],”version”:”2.2.2″} –>