Wiemann: Stocks Rally, Await Reopening Of US Economy

first_imgBy SHELLY A. WIEMANNFounder, Wiemann Wealth Strategies, LLCFinancial Advisor, Raymond JamesThough it may not feel like it, the S&P 500 index just experienced its strongest 16-day period since 1938.Each day brings more news – some of it encouraging, some of it not – about efforts to curtail the spread of COVID-19 and reopen the U.S. economy. Lawmakers at the federal, state and local levels are trying to find the appropriate time to reopen the economy, as well as ways to support people whose lives and livelihoods have been affected by the coronavirus pandemic.While it may seem odd, the S&P 500 index just experienced its strongest 16-day period since 1938, according to Chief Investment Officer Larry Adam. From the market lows that brought an end to the bull market in late March, Adam sees two forces driving the rally: unprecedented monetary and fiscal support from policymakers, plus signs the health crisis is improving and discussions of re-opening the economy are forthcoming.“Further actions from the U.S. Federal Reserve and Congress are likely to continue to support the economy,” Adam said. “However, we believe the next up-leg in the equity rally will require more favorable news on the potential for a therapeutic, antibody or vaccine.”Data released earlier this week shed some light on the effect stay-at-home orders to curtail the spread of the virus are having on the economy. Notably, unemployment claims over the four-week period ending April 11 indicate much of the job creation since the 2008 financial crisis has been erased, Chief Economist Scott Brown said.“While economic activity is expected to contract sharply in the second quarter of 2020, the recovery outlook is uncertain,” Brown said. “It’s dependent on the virus; the development of treatments, medicines and a vaccine; and the unwinding of social distancing. The economy will rebound, but a full economic recovery is expected to take time, and there will be long-lasting changes in consumer behavior and global trade.”A key to reopening the economy, according to healthcare policy analyst Chris Meekins, is an increased capacity to test for the virus as a means to help combat spread.“We continue to emphasize that American testing capacity and surveillance measures are not where they need to be to institute a test-and-isolate strategy that could ease our transition back to normal,” Meekins said. “As we approach another probable round of stimulus relief, we anticipate more funding for state and local governments to spur contact tracing and surveillance.”Investors continue to commit cash to “risk-off” assets in the fixed income market, such as Treasuries, according to Chief Fixed Income Strategist Kevin Giddis. The yield on the 10-year Treasury note is once again close to the 0.54% low reached on March 9.“And I would rather not test that if we can help it, because it would mean the confidence level is dropping and the fear leveling is increasing,” Giddis said.While the recent market bounce has been impressive, uncertainty remains. There likely will be plenty of potential market-moving information to come in the days and weeks ahead.“Just as the 35% collapse in 26 days was too far, too fast, the rally has been, as well, in our view,” said Joey Madere, a senior portfolio strategist with the Equity Portfolio & Technical Strategy group.“In assessing previous recessionary bear markets, it would be highly unusual for the S&P 500 to just glide back to the previous highs,” Madere said. “On the other hand, it is very common for exhaustive selloffs to be followed by sharp bounces, and then a grind-it-out pattern with potential retests as more information surrounding the issues of the day is gained. We would use pullbacks as opportunities to accumulate stocks for the long term.”As we all gain our bearings, your advisor will continue to provide relevant and timely information. Please reach out with any questions you may have about your unique financial circumstances.The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Investing involves risk, and investors may incur a profit or a loss. All expressions of opinion reflect the judgment of Raymond James and are subject to change. There is no assurance that any of the forecasts mentioned will occur. Economic and market conditions are subject to change.last_img read more

Board Of Public Utilities Meeting And Quorum Notice

first_imgCOUNTY News:The Los Alamos County Board of Public Utilities will meet in closed session via teleconference at 2 p.m. June 2.The purpose of the meeting is to discuss information pertaining to limited personnel matters – Utilities Manager performance review and planning.last_img

Brockton sorts office

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Herts CC gives consent to Shredded Wheat Factory scheme

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Nelson Figure Skating Club hosts Invitational

first_imgThe weekend begins Friday from 3-9 p.m. with Interpretive and Free Skate Events.Saturday, competition runs all day with the finale of Dance Solo Events set for Sunday from 8-11:35 a.m. The region’s best young figure skaters will take to the ice this weekend at the NDCC Arena for the West Kootenay Invitational Figure Skating Compeition.Hosted by the Nelson Figure Skating Club (NFSC), the three-day event showcases skaters from across a range of categories from Elements to Pairs to the crowd-pleasing Interpretive programs.last_img read more

Slopitch Gold goes to West Kootenay Boundary

first_imgDoreen Reimer of Nelson and Mary Bermel captured silver in Flight B Cribbage while Dave and Eleanor Thomas took the Flight C silver medal.In the pool, Marylee Banyard of Nelson won three gold and one bronze in women’s 50-meter butterfly, 200 meter individual medley,  25 meter butterfly and 200 meter freestyle, respectively.June Johnston of Nelson won a pair of silver medals in women’s 70-74 200-meter individual medley and 100-meter breaststroke.The team of Wilma Turner of Castlegar, Barb Roberts of Rossland, Banyard and Joan Hooper of Christina Lake won bronze in 4 X 25-meter freestyle and medley relays while Steve Miller of Trail, Peter Lee of Nelson, Richard Mathers and Shayne Konar of Grand Forks won bronze in men’s 25-meter freestyle relay.Sharisse Kyle of Nelson won gold in 60-64 Cycling time trial.The Kootenay Rhythm Dragons won silver in the Dragon Boat Racing while the West Kootenay Boundary men’s soccer squad finished fourth overall in the 55-plus division.On the ice, Kootenay Glaciers won bronze in the men’s 55 division; Kootenay Kings took silver in men’s 60; and Glacier Kings captured bronze in men’s 65 category. All three teams had players from Rossland, Nelson, Castlegar, Trail and Cranbrook forming the rosters.West Kootenay Boundary zone finished fifth overall in the 12-zone field with 113 medals. West Kootenay/Boundary defeated Vancouver Island North 17-12 to capture the Gold Medal in Slopitch at the 2018 BC 55-Plus Senior Games Saturday in Cranbrook.The BC 55-plus Senior Games wrapped up Saturday following four days of competition in Cranbrook and Kimberley.The meeting was a rematch of a game Friday between the two clubs in Slopitch.West Kootenay/Boundary squad includes Mike Roch, Ken Haynes, Rick Lowen, Luree Gould, Lorne Wuori and Joe Capiglione of Nelson; Bob Murray of Rossland, Nona Kutcher of Castlegar, Bruce Borsato, Barry Benner and Colin McLean of Trail, Alta Pinney of Salmo, Carson Erickson, John Mota and Christine Mota of Genelle and James Ross.In other sports, the team of Sandra Edson and Patrick O’Neil won the gold medal in 301-750 master points Bridge while Doris and Peter Laktin claimed silver in 0 to 300 masters points bridge.last_img read more

Galway GAA Results

first_imgJohn Dunne Cup FinalSt. James 1-10 An Cheathru Rua 1-6 Cahill Cup Semi-FinalAthenry 2-12 Oileann Arainn 0-9Car Parts Warehouse Junior Football Championship WestSalthill-Knocknacarra 4-13 Naomh Anna, Leitir Mir 1-6Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 1Athenry 5-7 Carnmore 2-4Oranmore-Maree 5-7 Ardrahan 2-4Turloughmore 2-9 Moycullen 0-2Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 2Sarsfields 4-8 Liam Mellows 0-3Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 3Craughwell 3-12 Annaghdown 0-1Salthill-Knocknacarra 2-1 St Thomas 1-1Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 4Meelick-Eyrecourt 3-6 Killimor 0-6Kilconieron 5-3 Kilnadeema-Leitrim 2-8Ahascragh/Fohenagh 8-5 Ballinasloe 3-2Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 5Padraig Pearses 3-7 Ballygar 1-5Car Parts Warehouse Division 5 (West)Renvyle 2-17 Moycullen 0-5Car Parts Warehouse Division 6 (West)St Michael’s 1-19 Naomh Anna, Leitir Mir 0-4Barna 2-15 Carna-Caiseal 0-9Salthill-Knocknacarra W/O An Spideal –Fr Griffins/Eire Og 2-11 Oughterard 0-9Car Parts Warehouse Division 7 (West)An Cheathru Rua W/O Mchel Breathnach –Barna 3-9 An Fhairche – Clonbur 0-5Division 5 (North)Glinsk 0-13 Milltown 0-11St. James 2-12 Headford 1-10Corofin 4-10 Tuam Stars 3-11Division 6 (North)Kilkerrin-Clonberne 0-11 Athenry 0-9Caltra 2-9 Dunmore MacHales 2-8Division 7 (North)Menlough 4-9 St Brendan’s 1-5Division 8B (North)Claregalway W/O Mountbellew/Moylough –Pier Head Minor A Hurling Championship – Group 1Castlegar 3-19 Ballygar 0-10Kilnadeema-Leitrim 3-13 Turloughmore 1-11Pier Head Minor B Hurling Championship – Group 1St Thomas 2-14 Michael Cusacks 0-17Mullagh/Kiltormer 1-15 Craughwell 0-16Pier Head Minor B Hurling Championship – Group 2Moycullen 2-23 Portumna 4-10Killimor 2-18 Loughrea 3-7Pier Head Minor B1 Hurling Group 1Carnmore 3-15 Annaghdown 1-16Sylane 3-16 Ballinderreen 3-13Pier Head Minor B1 Hurling Group 2Skehana-Mountbellew/Moylough 1-12 Ahascragh/Fohenagh 0-11print WhatsApp Facebook Twitter Email Division 1 LeagueTuam Stars 2-16 Menlough 1-12last_img read more

Galway and Roscommon to meet in FBD League final

first_imgAudio Playerhttps://download-galwaybay.sharp-stream.com/KEVIN%20WALSH%20post%20Leitrim%20FBD.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Galway team v Leitrim: 1. James Keane (Barna), 2. Eoghan Kerin (Annaghdown), 3. Sean Mulkerrin (Oileain Arainn), 4. Declan Kyne (Clonbur), 5. Johnny Heaney 0-2 (Killannin), Gareth Bradshaw (Moycullen), David Wynne 0-1 (Moycullen), 8. Cein Darcy (Caherlistrane), 9. Sean Maher (Salthill Knocknacarra), 10. Eoin Finnerty (Mountbellew Moylough), 11. Evan Murphy (Salthill Knocknacarra), 12. Eamon Brannigan (St Michaels), 13. Frankie Burke (Annaghdown), Dessie Conneely 2-0 (Moycullen), Robert Finnerty 1-3 (Salthill Knocknacarra). Subs: Johnny Duane for Mulkerrin (Black Card), Kieran Duggan for Maher, Cathal Sweeney for Heaney, Barry McHugh for Burke.print WhatsApp Facebook Twitter Email Galway will face Roscommon in the FBD League final for the fourth year in a row after they defeated Leitrim by 3-6 to 0-8 in Clonbur yesterday and Roscommon beat Mayo in Hyde Park by 0-14 to 0-11. First half goals by Dessie Conneely (2) and a Robert Finnerty penalty gave Galway a 3-3 to 0-7 half time lead over Leitrim after playing into a strong wind. In desperate conditions, Leitrim could only manage 1 point in the second half as Galway registered points from David Wynne (0-1) and Johnny Heaney (0-2) to ease to a 7 point win. The win follows Galway’s 1-10 to 1-9 win over Mayo in Castlebar on Friday night so with 6 points out of 6 they qualify for the final against Roscommon on the 18th of February. Next Sunday’s round 5 clash with Roscommon is still scheduled to go ahead in Tuam Stadium despite the tie having no consequence to the final standings.center_img After the game in Clonbur yesterday, Kevin Dwyer got the views of the Galway manager Kevin Walsh…last_img read more

IDF 2012 San Francisco Business Client Sessions

first_imgAre you attending the Intel Developer Forum in San Francisco this year?  If so, I invite you to attend a session that I will be co-presenting along with two of my teammates from the Business Client Platform Division here at Intel.We will be highlighting several different ways you can develop solutions for the Intel vPro and Small Business Advantage platforms.  This session is targeted at both IT practitioners and software developers.  The class will naturally have slides, but will also include a number of live demos.  So, if you are interested in learning how you can create solutions for Intel’s business client platforms, I encourage you to attend and bring any questions you have.Here are the details on the class from the IDF website:Session ID: BCSS001Date/Time: 09/13/12 @ 10:15 amTitle: 2013 Business Client Solutions: Intel® vPro™ Technology and Intel® Small Business AdvantageAbstract:Whether you are an IT practitioner with Intel® vPro™ Technology clients in your enterprise, a medium business wanting to enhance your existing business process automation or a small business looking to improve efficiency and productivity of your PC assets, this is the session for you. Come see a glimpse of the innovative 2013 Business Client platforms, including the Ultrabook™, All-In-One and ultra-small form factors. Experience technical deep dives and demonstrations on how to easily incorporate Intel vPro Technology into your existing environment through a variety of Independent Software Vendors integration points, scripting tools, and developer Software Development Kits. This session will also focus on a rich set of capabilities provided through the Intel® Small Business Advantage platform that delivers out of the box experience for small businesses. Key topics covered include: • Intel Small Business Advantage Overview • Intel vPro Technology Use Cases / Independent Software Vendor integration • Developer and IT Tools providing automation for Intel vPro Technology features including: High Level API (HLAPI), Software Developer Kits (SDKs), Microsoft* Windows* PowerShellIn addition to this class, the we have two additional classes at IDF San Francisco this year:BCSS002 – Security for Intel® Architecture Based Business Clients – 9/13 @ 12pmBCSS003 – Enabling Consumerization Through Client Based Desktop Virtualization – 9/13 @ 1:15pmYou can find further details on these sessions, as well as all the others here:http://intel.activeevents.com/sf12/scheduler/public.jsplast_img read more

Sydney Brenner, pioneer of molecular biology, dies at 92

first_img By Jennifer Couzin-FrankelApr. 5, 2019 , 3:50 PM Sydney Brenner, pioneer of molecular biology, dies at 92 Sydney Brenner, the Nobel laureate whose studies on the roundworm Caenorhabditis elegans led to seminal discoveries in genetics and developmental biology, died today in Singapore. He was 92 years old.Brenner discovered fundamental steps in how cells use DNA to make the proteins that enable life. He found that sequences of three DNA bases code for the amino acids that form proteins. And he discovered that RNA molecules carry that information to ribosomes, the cellular machines that synthesize proteins.Brenner went on to pioneer another major breakthrough in biology: identifying and developing the transparent worm C. elegans as an ideal animal model; the worm is used today in labs worldwide. His early research on C. elegans and studies in the years that followed led to winning the Nobel Prize in Physiology or Medicine in 2002 with two colleagues, John Sulston and H. Robert Horvitz. The Nobel Committee wrote that the worm research helped identify “key genes regulating organ development and programmed cell death … and [it] shed new light on the pathogenesis of many diseases.”Sign up for our daily newsletterGet more great content like this delivered right to you!Country *AfghanistanAland IslandsAlbaniaAlgeriaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic of theCook IslandsCosta RicaCote D’IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and Mcdonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorwayOmanPakistanPalestinianPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalQatarReunionRomaniaRussian FederationRWANDASaint Barthélemy Saint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofVietnamVirgin Islands, BritishWallis and FutunaWestern SaharaYemenZambiaZimbabweI also wish to receive emails from AAAS/Science and Science advertisers, including information on products, services and special offers which may include but are not limited to news, careers information & upcoming events.Required fields are included by an asterisk(*) Brenner was born to Jewish émigré parents in South Africa, where his father worked as a cobbler, and he showed an early precocity for science, entering medical school in Johannesburg at age 15. Brenner quickly gravitated to genetics research: He met DNA co-discoverer Francis Crick in 1953, and soon relocated to the University of Cambridge in the United Kingdom to work alongside him. As The Guardian said in an obituary, Brenner and Crick “shared an office for 20 years, talking non-stop, laughing uproariously and generating hundreds of ideas, which they tested in the laboratory with their indispensable research assistant Leslie Barnett.”Brenner, who was also known as an adept practical joker, continued to work into his 90s. He was married for almost 60 years; his wife, May, died in 2010. He is survived by three children and a stepson.center_img Andrew Cutraro/Redux Sydney​ Brennerlast_img read more