Diligence Wealth Management, LLC

From FIRST TRUST: The narrative around COVID-19 is constantly changing, so we thought we would put a one-pager out once a week with some of the charts and data that we think are important to keep an eye on to help gain some perspective. LINK TO FULL PDF https://www.ftportfolios.com/Common/ContentFileLoader.aspx

Met with a hard working couple today. I loved their energy! Our meeting didn't feel like work at all.Met with a hard working couple today. I loved their energy! Our meeting didn't feel like work at all.

Someone is sitting in the shade today because someone planted a tree a long time ago. -Warren BuffettSomeone is sitting in the shade today because someone planted a tree a long time ago. -Warren Buffett

Received this nice thank you in the mail today. 100% butterscotch squares, my favorite! Helping people never tasted so good!

Americans are starting new businesses during the pandemic, as applications are up 40% from last year. CNN Business has the latest @ https://cnn.it/2SNkZbc

If you're confused by someone's explanation, they don't understand the topic well enough to describe it simplyIf you're confused by someone's explanation, they don't understand the topic well enough to describe it simply

I grew up in Loomis, CA riding in the Loomis Basin Horsemen’s Arena. Fast forward to today. I own a small business sponsoring classes at the schooling show this weekend. Tomorrow this arena will be filled with the next generation of horse crazy girls and boys

The pandemic graveyard https://finance.yahoo.com//a-scary-number-of-retail-compan

The market keeps going higher and many of my clients are asking why. It's critical to have a portfolio that fits your risk tolerance and retirement time horizon. Stay in the market during rough waters and let me help you create a plan for building real wealth! https://finance.yahoo.com//stock-market-news-live-august-1

I just received a BOGUS bill for my website domain identical to the one shown in this blog https://www.erikpelton.com/beware-of-scam-from-domain-list/

In the era of COVID-19, and the financial woes it has created, I often get asked, "Why is the stock market holding up so well when the economy appears to be struggling?" To understand why the markets react or don't to certain outside factors, it's always good to keep in mind that the stock market is not the economy. I can't stress this enough. The stock market is considered a "lead economic indicator," meaning it's anticipating what economic conditions will look like 6-...9 months into the future. While it can sometimes be a tricky concept to grasp, remember that the stock market's price today reflects potential future economic activity. 1 Another "lead economic indicator" is building permits. When there is an increase in building permits, it lets us know that developers are bullish about future home sales prospects. If building permits are down, it tells investors that builders may be concerned about interest rates and consumer confidence. 2 Although helpful in general, lead indicators should never be seen as infallible. Abrupt and unexpected changes will prompt lead indicators to rapidly recalibrate their expectations for the future. Look no further than when COVID-19 grabbed the headlines in early March, which ended the stock market's 11-year bull market. 3,4 Keep in mind that in addition to lead indicators, there are lag indicators and coincident (real-time) indicators. We take all three types of indicators into account to help provide context for what can often seem counterintuitive behavior, especially in the face of intense global disruption. Let me know if you'd like to chat about the economy or any other topics you're pondering. I'm always here to help. Sincerely, Liz Daffner Financial Advisor Citations. 1 - Investopedia.com, April 18, 2020 2 - TheNatureOfMarkets.com, 2020 3 - CNBC.com, April 6, 2020 4 - USNews.com, March 11, 2020

NPR reports that some restaurants are selling groceries in addition to their normal menu. More @ https://n.pr/3egnwUJ

Great Resource: https://www.uschamber.com//federal-small-business-stimulus