Here’s an idea for a delicious and fun snack to help you enjoy the holiday.  Wishing you and yours a safe, socially-distanced, and happy July 4^th!

Nearly four months ago, in late February, the 10-year Treasury yield broke to its lowest level ever, undercutting the record lows from 2016 of 1.32%. Over the following two weeks, as fears surrounding the COVID-19 pandemic intensified, interest rates experienced an unprecedented collapse, with the yield on the 10-year Treasury note eventually trading as low as 0.31% on March 9 (Bloomberg).

Among developed markets, we maintain our preference for US equities over international, but the bout of strong performance for the MSCI EAFE Index relative to the S&P 500 Index in late May through early June and the latest weakness in the US dollar are noteworthy.

Stocks staged perhaps the strongest rally in history—a more than 44% gain for the S&P 500 Index from March 23 through June 8—before pulling back about 3% late last week.

The strongest 50-day rally in the S&P 500 in over 70 years has sent a signal that the economic recovery is gaining steam and may look more like a “V” than a “U,” a square root, checkmark, or swoosh.

2020 is one of the most historic years we’ve seen, and we’re not even halfway through it.  To best sum it all up, here are 10 charts that tell the picture of 2020 so far, from LPL Research.

As Miami-Dade County prepares to re-open non-essential businesses over the next few weeks, we wanted to let you know that effective 6/1 we will be available for non-emergency, in-person meetings once again. While full servicing via teleconferencing will always be available for those more comfortable with that option, we look forward to welcoming you back to our offices in person.

To ensure maximal safety for our valued clients and for our team, our “new normal” for office visits, as per the guidelines, will include these already operational changes:

The U.S. death toll from COVID-19 recently reached the somber and staggering milestone of 100,000 lives nationwide. It is difficult to wrap our heads around a pandemic of this magnitude, one that has left so many of our friends and neighbors grieving, and so many others struggling with financial devastation.

This Memorial Day, as we honor the fallen heroes who sacrificed for our country, we also keep all those who have fallen due to coronavirus, and those heroes on the front lines who continue to fight for the living, in our thoughts and hearts.

Investors like labels for the economy and financial markets—many of them with the word “great” in them. The Great Depression. The Great Recession. The Great Lockdown. Well, we’ve moved into what we might call the Great Disconnect. How can stocks have rebounded so strongly in the last month amid so much suffering and economic damage? What’s Wall Street seeing that so many on Main Street are not?