On January 6, 2021, Congress will meet in joint session to count the Electoral College votes in the 2020 presidential election, won by Joe Biden, 306-232, over Donald Trump. This is usually a pro forma event, little noticed except by the most devoted followers of political pageantry. However, given the drama that has ensued since Read more
Wrap It Up: Time for Year-End Planning
The holiday season is a time for good cheer, greeting family and friends, celebrating the present (and presents), and reflecting on the year just ending. (Though, given how tumultuous 2020 has been and the likelihood the effects of the global pandemic will extend into 2021, you may want to keep those reflections brief and go Read more
New Route: The Fed Rides to the Rescue with Unconventional Monetary Policy
In the eight months since the global COVID-19 pandemic hit the United States and its economy, the Federal Reserve has reached far beyond its playbook from the 2007-09 Great Recession, using unconventional monetary policy while growing its balance sheet from roughly $4 trillion to $7 trillion through emergency lending programs and moves to bolster the Read more
What Happens Next? Election Reactions and Market Reflections
The 2020 election polls illustrated that predicting what will happen in American politics with any confidence is becoming ever more difficult. Though the general prediction of a presidential victory for Joe Biden was correct, polling at a more granular measurement level seems accurate only in as much as the pollsters sampled the intent of those Read more
Rough Treatment: The Pandemic and the Second Quarter
Whether we have seen the worst effects of the global coronavirus pandemic is still too soon to determine. What we do know is that the second quarter of 2020 presented a monumental economic challenge to American investors, consumers, employers, government agencies, and workers, and we see this reflected in the data. Unemployment remains high, and Read more
One of our “Ace” Cards: Larry Carlin of Conestoga Capital Advisors
We are pleased to send you this link to a Forbes magazine Q&A with equity research analyst Larry Carlin of the $5.3 billion Conestoga Capital Management. He is a key resource for Bowen Asset Management, and we invest in some Conestoga funds when and where we deem it appropriate. We often consult with Carlin, whom Read more