Stephen Schoenfeld of William Pitt Sotheby’s International Real Estate offers a magnificent retreat in the heart of the Berkshires with pool, tennis court, and pond on 25 beautiful acres.
See how architect Pamela Sandler transformed a lake house on the shores of Lake Onota. A report on real estate sales in the first quarter of 2025. Plus, recent sales and gardening columns and a home-cooking recipe.
The performance of small caps is more closely tied to the U.S. economy than large caps are, so with all 50 states in some form of reopening, there is potentially more growth for those companies while simultaneously having a greater defensive posture as they would be more insulated from a COVID-19 outbreak in another country.
Whether we get to enjoy a rally, or even stabilization, the cure to the coronavirus - absent a vaccine - appears to be global governments pushing their respective economies into recession.
We humans like a narrative, a story we can relate to, because it helps us make sense of things, and that makes us feel more comfortable. The fact that the stock market was up about 19% over the previous four months, based on very little improving fundamentals, set us up for a tumble.
The market has been prodded higher by monetary stimulus, and the strong suggestion by the Fed to keep rates lower for longer has given the U.S. economy the potential to stave off a recession for all of 2020.
The U.S. produces about 13 million barrels per day and consumes 21 million, so higher oil prices could depress economic growth. But I’m not worried about that yet.
