Modera CEO, Tom Orecchio, was quoted in this Forbes article about leadership during the COVID-19 crisis.
With a pandemic affecting the country, times have become even more uncertain for those who have a disability or other medical condition.
During periods of high market volatility, short-term negative impact to your investment portfolio can be unnerving, but there are also some planning opportunities that could allow you to take advantage of the situation and do not require you to make significant sacrifices in your investment portfolio. Here are some Silver Lining/planning strategies to consider.
In these unprecedented times, we are confronted with change in many aspects of our lives. Some of these changes in circumstance require changes in our current behavior and often they introduce completely new tools and behaviors to learn and put into practice. The changes have not gone unnoticed by bad actors who will not hesitate to exploit any uncertainty, fear or change. There has been an astronomical increase in coronavirus themed spam recently, with some vendors reporting increases of 14,000%.
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on Friday March 27, 2020. This piece of legislation is the third round of federal support in the wake of the COVID-19 outbreak in the U.S. It builds off the previous two bills passed to provide more support to individuals and businesses, including changes to tax policy. This is an aggressive action on the part of our government to aid in the challenges our economy faces. Additional measures are expected over time to continue to build on these supports.
With another week of intense market volatility and uncertainty over the economic impact of COVID-19, we find ourselves in challenging but not unfamiliar circumstances. Like many of you, we’ve weathered crises like this before and have come out stronger on the other side. Modera has been around since 1983.
By now, you are undoubtedly aware the ADA recommended dentists postpone “elective procedures” through April 6 to help “flatten the curve” of the COVID-19 pandemic in the U.S. Since elective procedures are estimated to comprise >90% of modern dental practices, most offices are closing, with dentists coming in only for emergencies.
This week, the global financial markets got sick as a result of the coronavirus. Major U.S. stock indexes have declined about 8% over the past week while international stocks have fallen about 6% (2/18-2/26/2020). Hardest hit were stocks of companies that are related to travel or those that rely on components that are manufactured in Asia, such as technology companies and automotive manufacturers, as well as some retailers.