Change is in the air. After nearly 100 years, Exxon Mobil is being removed from the Dow Jones Industrial Average, along with Pfizer and Raytheon Technologies. Newcomers are biotech giant, Amgen, manufacturing conglomerate, Honeywell, and enterprise software giant, Salesforce.com. These index changes are fairly common, however this one is particularly interesting and brings into question why the heck the Dow became so popular in the first place.
For anyone that has seen the Oscar nominated movie, Ford vs. Ferrari, you know how this tale worked out. Situated in the 1960s, Ford’s product line was called into question and their inability to compete on the racetrack was turned into motivation for what eventually created the GT40. If you have not seen it, well… we won’t spoil it for you as it’s a worthwhile Quarantine movie.
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.