Womack Investment Advisers

The Washington Post published an article written by Joseph G. Allen, an assistant professor of exposure and assessment science at Harvard’s School of Public Health. Allen explained precautions to take to prevent disease transfer from packages and groceries. (Yes, coronavirus can live on a surface, but the risk of disease transmission is low.) Here are some of Allen’s suggestions for handling delivery packages: ·          Leave packages outside or bring them inside and leave them by the door for several hours. ·          Wipe down package exteriors with disinfectant. ·          Unwrap packages and leave the packaging in the recycling can.   ·          Wash your hands after touching a package. Allen also offered suggestions for grocery shopping: ·          ...

The United States set some records last week. First, we became the epicenter of the COVID-19 pandemic. Popular Science explained: “An increase of 15,000 known cases in just one day pushed the United States past Italy and China, making it the new epicenter of the pandemic…Experts suspect the actual number of U.S. cases is much higher than currently reported…the United States has tested a far lower percentage of its large population than other hard-hit countries.” On Friday, March 27, the Centers for Disease Control (CDC) reported there were 103,321 confirmed cases and 1,668 deaths in the United States. Second, as businesses across the country closed, leaving many workers without income, first-time claims for unemployment benefits hit an all-time high of 3.3 million. The previous record of 695,000 was set in 1982, during one of the deepest recessions the United States had experienced to date. Third, Congress passed the biggest aid package in history. The $...

The speed of the stock market plunge over the last six weeks has left both the general public and even market experts in a state of shellshock.   February and March 2020 will go down in history as containing the fastest descent into bear market territory on record.   In only sixteen sessions, the S&P 500 went from its last closing high (on February 19), to a more than 20% drop from that peak.   Furthermore, to hit a 30% decline it took just 19 sessions.   Both the stock market crash of 1929 and infamous October 1987 took a much-longer 55 days to reach the same milestone.   Chart from Knox Ridley via Marketwatch.com.   Best regards, Womack Investment Advisers, Inc. WOMACK INVESTMENT ADVISERS, INC. Oklahoma / Main Office: 1366 E. 15th Street - Edmond, OK  73013 California Office: 4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122 Phone (405) 340-1717 - Toll Free (877) 340-1717

Originally posted on CNBC by Jacob Pramuk   The House passed a $2 trillion coronavirus relief bill on Friday, sending the unprecedented measure to President Donald Trump ’s desk after a scramble to block an effort to delay its passage. The chamber approved what is believed to be the largest spending package in U.S. history by voice vote, which simply measures if more lawmakers shout for “aye” or “nay” on whether to support it. Rep. Thomas Massie, R-Ky., tried to force a full yes or no vote on the measure, which could have delayed its passage by hours. Irritated House members rushed back to Washington in cars and near-empty planes to head off his effort, and some eviscerated him for risking their safety. Trump called him a “third rate Grandstander” and said he should be booted out of the Republican Party . The plan, which includes one-time payments to individuals, strengthened unemployment insurance, additional health-care funding and loans and grants to bus...