Market & COVID-19 Updates
Highlights of the Coronavirus Aid, Relief and Economic Security Act (CARES Act)
March 31, 2020

The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was enacted into law on March 27, 2020. As the Act describes, its purpose is to “provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic.” This Act provides an approximate $2 trillion stimulus package in response […]

Research Note: The Importance of Balance Sheet Strength in a Recession
March 26, 2020

Coming into 2020, the US economy was firing on all cylinders, with the unemployment rate under 4%, 4th quarter 2019 GDP growth at 2.1%, and the number of Americans filing for unemployment insurance averaging 226,000 per week (a historically low figure). It’s hard to believe, but current data suggests the US economy is likely to […]

Research Note: Why We Can Take the Long View
March 24, 2020

As you’ve read in our previous notes, we continue to advise clients to stick to their long-term investment plans. Our asset allocation philosophy is to have three to five years of your liquidity needs in cash and bonds, with the rest invested in stocks for growth. Adhering to this philosophy alleviates the need to sell […]

Operations Update: Coronavirus Plans & Preventative Measures
March 17, 2020

To Our Valued Clients and Friends: I am writing to update you on HM Payson’s preparations and policies for managing the Coronavirus/COVID-19 outbreak. We will continue to keep you informed of our response on the portfolio management level, but this note is to inform you of our Firm’s operational plans. At the time of this […]

Managing through the COVID-19 Bear Market
March 13, 2020

Since our March 9th note, the S&P 500 officially entered bear market territory, down more than 20% from its all-time high on February 19th[1] (a bear market is commonly defined as a decline of at least 20%). Due to the speed of the decline (22 calendar days) and the rapidly evolving nature of the COVID-19 […]

Market Update: Coronavirus and Oil Prices
March 9, 2020

In the few days since our recent note on the Coronavirus situation, the headlines and corresponding market volatility have notably worsened. Obviously, the actions being taken to contain the virus are likely to take a measurable economic toll. The disruption of global supply chains and changes in consumer behavior raise the odds of a global […]

Market Declines Regarding Coronavirus
March 5, 2020

Dear Clients and Friends, We know this past week has been concerning for all investors so we wanted to communicate with you as quickly and efficiently as possible what our thoughts are about the recent market declines.  The well-documented spread of the coronavirus  (COVID- 19) outside of China has triggered widespread selling across the global […]

CEO Pete Robbins speaks to CBS13 about the stock market
March 2, 2020

PORTLAND (WGME) – With a tough week on Wall Street, CBS 13 wanted to know what it means for you and your money. The fear surrounding coronavirus is causing some investors to panic, and we’re seeing that with this stunning sell off. Investment advisers and business analysts told us the best advice for most people […]

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