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In response to the economic difficulties created for small businesses by the coronavirus pandemic, Congress has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which contains $350 billion in disaster assistance loans targeted toward small businesses by the Small Business Administration (SBA).

In response to the worldwide crisis  created by the COVID-19 pandemic, last week President Trump signed the largest relief package in history: the Coronavirus Aid, Recovery, and Economic Security (CARES) Act. The vast majority of Americans will benefit directly from the $2 trillion in aid included with this bill, which includes a direct payment to most taxpayers and their families.

As we have been communicating with clients extensively over the last three weeks during this extremely volatile market, we have been deeply encouraged by the generally calm attitude most have maintained, despite the markets being anything but!

By Les Truthly, United Fake News (UFN)
March 29, 2020—Sioux Falls, SD

By Les Truthly, United Fake News (UFN)
March 25, 2020—Sioux Falls, SD

By Les Truthly, United Fake News (UFN) 
March 23, 2020—McLean, VA  

‘Twas the start of the madness and all through the land,
People sat in front of the TV with beer and hot wings in hand.

But no brackets to bet on, no games this year
Everyone quarantined with virus fear.

Tired of healthcare and stock market news,
I wanted some fun to shake off the blues.

We often compare the stock market to a rollercoaster ride, and with good reason. Think back to the last time you actually rode a rollercoaster … What was it like as the ride climbed up to its high point? Rather gradual, wasn’t it? And then, when it reached the top and started down?

As we think about the last couple of weeks in the market, we may be tempted to remember the Chinese curse: “May you live in interesting times.” Without a doubt, the last two weeks have been especially interesting—maybe more interesting than some of us would prefer!