Falling Leaves, Rising Markets Quarter in Review • Equity market performance was solid this quarter. • The technology sector pulled back after strong YTD outperformance. • Second quarter GDP was the worst since the Great Depression but there is hope that the third quarter will be quite strong. • The list of things to worries […]
“Wild World” – Cat Stevens Maple Capital Strategy & Portfolio Changes Changes made this quarter included the sale of Goldman Sachs in favor of Morgan Stanley, preferring Morgan for its lower credit sensitivity and strong wealth management franchise. We also added American Express in the financial sector since we believe the business model is built […]
A Quarter We’ll Never Forget CARES (Coronavirus Aid, Relief and Economic Stability) Act On March 27th the CARES Act was signed into law. There were significant changes to retirement accounts included in this bill and we have highlighted a few of the major components below: • Required Minimum Distributions (RMDs) are waived for 2020 • […]