Last Friday, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This bill was massive, as the  economic stimulus, loan guarantees, and direct payments amounted to $2 trillion. By comparison, $2 trillion is roughly 9% of 2019 U.S. GDP.

The legislation itself was over 880-pages long, and it addressed everything from unemployment insurance to RMD requirements, to direct cash payments from the US Treasury. The exact repercussions of the bill will become more clear in the week and months ahead, but below you will find a summary of the key points.


As always, please reach out to your team at Barry if you have any questions about the bill itself or how provisions within the bill might impact your wealth management strategy.

Best Regards,
The Barry Team
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Chart of the Month

The fear and greed index tries to determine which of these two basic emotions is driving the stock market at any given time.


To estimate this, the index considers seven factors: stock price momentum, stock price strength, stock price breadth (volume), option pricing, junk bond demand, market volatility, and demand for safe-haven assets (like U.S. Treasuries).

According to this measure, the fear gauge reached 8 during the week of March 23rd. Since then, the index has increased in value, now showing a 26. The key takeaway? While the market does feel more stable this week, it's likely that fear is still in the driver's seat. We will keep an eye on this measure of market sentiment going forward. 

Employee Favorites
Things to Help With Social Distancing

For our team and many of our clients, social distancing and working from home will be “the normal” through April. With that in mind, we wanted to share two things that can help make it a little bit easier.

The first is an app called Nextdoor. Nextdoor is a local networking app, but COVID-19 has made it a tool for self-quarantined people to ask for help from their neighbors. For example, older neighbors can ask for help picking up their medication or groceries if they are self quarantined and feel nervous about going to the store.

The second is an online class, specifically designed for kids, called Kindness 101. Steve Hartman is going live on Facebook to share some of his favorite “On The Road” stories and the lessons from each one.

Investing Wisdom

"Reaching for yield is really stupid. But it is very human. People say, ‘Well, I saved all my life and I can only get 1%, what do I do?’ You learn to live on 1%, unfortunately. You don’t go and listen to some salesman come and tell you, ‘I’ve got you some magic way to get you 5%.’"

Warren Buffett

The Lighter Side Of Investing
Barry Team Happenings

Lauren, Beth and Sharon all celebrated birthdays in March.  Happy Birthday to all!