Author: Madison

After a promising start to the year, grave concerns regarding the COVID-19 coronavirus and limiting its spread have commanded the nation’s attention.  Federal, state and local government’s response has intensified, as officials and healthcare professionals urgently seek to understand and address the evolving crisis. While...

Dear Friends, This has been a challenging week in the financial markets with much of it attributable to concerns over the COVID-19 Coronavirus outbreak and its potential social and economic fallout. Over the past 20 years, we’ve experienced multiple disease epidemics and global health scares. The...

Madison is closely monitoring the coronavirus outbreak, and our hearts go out to those affected.  From an investment perspective, our opinion of the likely outcome depends on the severity and length of the epidemic, two current unknowns.  However, we can look back at another epidemic (SARS in 2003) to help...

The Merriam-Webster dictionary defines déjà vu as a) the illusion of remembering scenes and events when experienced for the first time and b) a feeling that one has seen or heard something before. Both definitions are apropos for how the markets performed in 2019.  In fact, market results in...

It’s been widely reported that 2019 was a great year for financial markets.  By all accounts, even a simplistic portfolio of 60% stocks (of the S&P 500, a market value weighted index of U.S. holdings) and 40% bonds (of the Barclays U.S. Aggregate Index), generated an impressive return.  In...

In May of 2019 the House of Representatives passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bill then lost traction in the Senate going nowhere for months. However in late December it reappeared and was unexpectedly included in an appropriations bill...