The Markets & The Election

Andy Reynolds

Weekly Update

No matter how you divide the historic political leadership landscape, at the end of the four-year cycle, the investment returns of the US markets are relatively the same. The US markets have experienced significant growth with both Republican and Democrat Presidential leadership. 10-Years after the first year of a new President’s term, in 100% of … Continued

Jobs Numbers Show Swift Damage, Rapid Recovery, and Job Market Damage

John Boardman

Weekly Update

Rightfully, last week’s jobs numbers were celebrated.  It was, in fact, the best four months of job gains since data was tracked in 1939, adding over 11 million jobs since the May 2020 report.  These results brought the “headline” unemployment rate down to 7.9%.  No doubt, these figures are titled as progress but, as is … Continued

The Fed Says Lower for Longer

Cameron Hamilton

Weekly Update

The Fed will be more tolerant of inflation in hopes of maximizing employment The Fed will continue aggressive asset purchases and low rate targets The Fed believes that additional Federal stimulus is necessary for recovery Rates will not be increased until 2023!  This was the takeaway headline we heard repeated ad nauseum last week in … Continued

Summary of Recent Presidential Memoranda and Executive Orders

Frank Yozwiak

Weekly Update

As we at Ballast have done throughout the year, we want to continue to give updates on some of the goings-on related to the Coronavirus – especially those with financial effect.  In that context, earlier this month, President Trump signed several presidential memoranda and executive orders with the stated goal of providing some economic relief … Continued

How Unemployment Insurance Works

Cameron Hamilton

Weekly Update

Unemployment systems are not designed to withstand a year like 2020 Unemployment claims this year are 10x higher than previous highs Unemployment insurance funds are being depleted at the state level Business owners will likely pay the shortfall in future years without reform The all-time chart of unemployment claims will need to be remade after … Continued