In the early months of 2020, the economy was in a seemingly good state. However, due to COVID-19, the S&P 500 index saw its quickest decline in history. Although economic data remains weak, the stock market is surging.
A surging stock market and historic unemployment levels; incompatible, mirror opposites or is there an explanation?
Like a Shakespeare play, COVID 19 is giving us order and disorder, life and death, some might even say youth and age conflicts. We are absolutely living in a world encapsulating Power, Nature, Love and Relationships, and Conflicts.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted and signed into law Friday, March 27th, 2020. This bill was introduced as the largest economic relief package in US history. The CARES Act provides emergency assistance to small businesses, increases unemployment benefits, and injects over $130 billion to the health care system among many other provisions. The CARES Act also provides relief for retirees in 2020 while making some smaller adjustments to charitable gifts.