Obsidian Market Update 4/17/20

Good Morning!

This week brings us lots of good news and opportunities for empowerment. The market is up, the curve is flattening, and stimulus packages are in place. Here are some things to keep an eye on:

  1. Stimulus Packages. The promised Economic Impact Payment checks from the IRS have begun to appear in peoples’ bank accounts, which benefits individuals and businesses alike. Payroll Protection Program and Small Business Administration loans are also coming through, so more businesses are able to ride out the pandemic safely. States and counties across the country are offering their own grants, too, and helping businesses and people stay afloat.
  2. You Can Donate. Many individuals who are still working and drawing their usual income are opting to donate their $1,200 stimulus checks to food banks, grants to help small businesses, or directly to local establishments to help pay their employees. You can find your local food bank here.
  3. You Can Keep Sewing. If making a financial donation isn’t in reach for you right now, more and more hospitals are asking for community members to make PPE. JoAnn Fabric is giving away free mask kits at curbside pickup and has tutorials on how to make a mask at home. The CDC also gives guidance on how to safely wear, remove, and wash a mask. Check in with your local hospitals, senior centers, homeless and women’s shelters, and other agencies that serve marginalized populations about whether they are accepting homemade masks.

We will all get through this together, so keep in touch with us, with your loved ones, and with your community.

Advisory Services offered through Obsidian Personal Planning Solutions, LLC. Securities offered through Triad Advisors, member ​FINRA/SIPC.​ Obsidian Personal Planning Solutions, LLC, and Obsidian Personal Planning Solutions, Inc, are not affiliated with Triad Advisors.