In the old days, today, April 15th would have been tax day, but in our current world, tax day has been pushed to July 15th– causing CPA’s everywhere to re-embrace the month of April 😉
Some of you have reported receiving your $1,200 COVID 19 checks in the mail today. One heartwarming story we’ve already heard from a client is that they immediately re-directed the funds to their local food bank- a noble representation of transfer of government monies to worthy causes.
First quarter earnings reports continued today, with financial institutions reporting bleak outlooks, their banking arms raising their loan loss reserves in preparation for what’s to come. Conversely some companies are thriving in the current climate, with Johnson & Johnson actually raising their dividend and Amazon stock reaching an all-time high. Healthcare is expected to continue to performing well. The top performing sectors today were health care, consumer staples, and communication services.