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Weekly Market Review: November 2, 2020

Investors are likely used to “stocks beating bonds,” but the reverse does happen more often than you think. In the last four decades (1980-2019), the total return of taxable bonds (using the Bloomberg Barclays Aggregate Bond Index as the benchmark) have outperformed the total return of stocks (using the S&P 500 as the benchmark) in 11 of the 40 years, most recently in 2018.

Weekly Market Review: October 26, 2020

The election of 435 House members, 33 Senators and the presidency is just over a week away (on Tuesday 11/03/20). Democrats have hopes of not only taking back the White House, but they believe total control of Congress is a possibility. If that would happen, bond market investors anticipate that government spending could grow significantly

Morey and Pierson Seeking Re-Election, Catalysts to Success in Cape May...

Cape May County’s response to the coronavirus pandemic, steered largely by the efforts of Freeholders Will Morey and Jeff Pierson, led to the lowest cases of COVID-19 of any County in the State of New Jersey and the safe reopening to the local economy. Now, both Morey and Pierson seek re-election to the Cape May County Board of Chosen Freeholders. In addition to their competent response to the pandemic, Freeholders Morey and Pierson continue to show fiscal responsibility through their fiduciary duties of diversifying the economy, rebuilding infrastructure, and keeping taxes as low as possible leading into the Nov. 3 election. “To drive the change we seek, good fundamentals are essential,” said Morey. “Cape May County’s strong financial position of low debt, high cash reserves and the lowest tax rate in the State have provided a launch pad for the County’s active investments in infrastructure, community redevelopment partnerships, and the new job opportunities it is creating in a growing technology sector.” Alluding to the steps they have taken to protect county residents and visitors from COVID-19, Pierson said he and Morey are, “The right leaders for challenging times.” “The message is, we’ve gone through a tough period with COVID and kept our focus,” said Pierson, who served with the U.S. Army and New Jersey Army National Guard for 42 years, retiring as a Brigadier General. As the COVID-19 outbreak became more serious earlier in the year, Pierson, leading the Cape May County Health Department, quickly shut down the Cape May County Crest Haven Nursing and Rehabilitation Center to outside visitors, protecting residents and staff from the spread of the virus. “We kept the place spotless. We kept it safe. We had no deaths” said Pierson. Pierson noted that only one resident of Crest Haven was diagnosed with COVID-19, although the county felt it was a false positive because she did not have any symptoms. Nine Crest Haven employees tested positive, but according to Pierson were infected outside of the facility. Under the leadership of Freeholder Pierson, another well-received coronavirus-related safety program launched by Cape May County included sending health “ambassadors” out to boardwalks and other popular tourist destinations to stress the importance of social distancing for visitors and local residents. The successful ambassador program was the subject of national publicity...

Weekly Market Review: October 19, 2020

On Friday 10/16/20, after 2 p.m. ET, the Treasury Department released the deficit number for fiscal year 2020  (the 12 months ending 9/30/20): a record $3.13 trillion budget deficit. That total smashed the previous record deficit of $1.41 trillion set 11 years ago during fiscal year 2009

What is the state of Maryland’s current sports betting legislation?

Residents of Ocean City, New Jersey will be well aware that they are not the only Ocean City around. There is Ocean City, Maryland reasonably close by – some 70 miles away. While the names of the two cities may be the same, they are very different places.

Ocean City Field Hockey Dominates Over Lower Cape May

It took senior captain Tara McNally less than five minutes to record her first goal for Ocean City field hockey on Wednesday afternoon.  By the end of the first half, the Hofstra commit had five goals and assist with just 30 minutes of play. The Ocean City High School Field Hockey team cruised to a 10-0 victory Wednesday afternoon overing visiting Lower Cape May.  The win brings Ocean City to a perfect 4-0 on the season, while dropping Lower Cape May to 1-3. Tara McNally led all scorers for the Red Raiders with five goals and one assist.  Also scoring for Ocean City was Nya Gilchrist with two goals, one assist.  Ella Brogan had two goals as well, with Sophia Tucker scoring one goal, one assist.  Sophia Ruh and Alexis Smallwood each recorded an assist on the afternoon...

Weekly Market Review: October 12, 2020

As 2020 began, the global demand for crude oil was 101 million barrels a day. But when the World Health Organization declared the COVID-19 virus a pandemic, an estimated two-thirds of the world went into a total lockdown, as workers headed home and shut the door.

Boys Soccer Pulls Off Exciting Victory

Ocean City Boys Soccer Team pulled out a thrilling final minutes victory over visiting Middle Township Tuesday afternoon, 1-0.  The win brings the Red Raiders record to 2-0, while the Middle Township Panthers drop to 0-1-1, early in the 2020 season. The Red Raiders who opened up the 2020 season with a dominant win over Wildwood Catholic last Saturday, kept the momentum going into Tuesday’s game controlling the pace of play to dictate the game in their favor. The Red Raiders spent most of the 80-minute game with the ball in their offensive possession, but it took until under two minutes on the clock for the ball to find the back of the net off the foot of senior Drew Tarr.  Fellow senior Nick Chiccarine was credited with the assist...

Weekly Market Review: October 5, 2020

The month of October is infamous on Wall Street for the massive stock market drop that took place on "Black Monday" (a one-day loss of more than 20% on 10/19/87), but lesser known is that three of the top four daily gains for the S&P 500 index in the last 70 years also took place in October.

OC Football Dominates Absegami in Home Opener

It’s the perfect October day to kick off the football season during a not-so-perfect year. While many collegiate sports were put on hold due to the Corona Virus pandemic, the raiders are lucky enough to get on the field together. In the first quarter Jake Inserra (Sr.) put the Raiders on the board with the first touchdown and  Brendan McGonigle (Jr.) makes the kick to add another point making the score 7-0 with 6:14 left in the quarter. At beginning of second quarter Joe Repetti (Sr.) scored a touchdown following a 17 yard run. McGonigle followed with another successful field goal kick. The raiders led with a 14-0 lead against the Braves. Jake Schneider (Sr.) made a great interception at the 45 and continued to run inside to score a touchdown. McGonigle added to the score with another with a field goal kick...