Michael Stern, Author at bwcevent.com

About: Michael

Michael Stern is a calculated risk taker with deep technical insight into digital currency and the development of strategic strategies.

Articles by Michael Stern

S&P 500 Closes Above 3000, Highest Since Early March

Better than expected economic data, optimism over the reopening of the country, and hopes for a coronavirus vaccine all combined to drive stocks up earlier in the week. Although the S&P 500 closed at 2991.77, it represents an increase of 1.23 percent. The index did break 3000 earlier in the day. New COVID-19 Developments  Companies […]

28 May 2020
Home Sales Plunge, Mortgage Delinquencies Soar

COVID-19 has resulted in soaring unemployment, sending a record-high number of homeowners into default on their mortgage payments. Home sales have dropped, housing starts have fallen, and the commercial and residential rental markets are suffering. The coronavirus pandemic has thrown the world into an economic crisis. Record high unemployment and forced lockdowns have had a […]

27 May 2020
The Current Pandemic Is Changing the Way the World Looks at Money

One of the primary drivers of social change is technology. Granted, there have been other reasons, many of them including armed conflict, natural disasters, plagues, and pandemics amongst them, most certainly including the current COVID-19 situation. It isn’t easy to estimate the impact on various industries with what has and still is, happening. The financial […]

22 May 2020
The Price of Gold Continues to Soar

The price of gold continues to reach for new highs. The precious metal closed on May 18 at $1733, down slightly from Friday’s close of $1742. It is not just the month of May that has seen the price of gold go up. The commodity has traded at fresh highs every month of 2020, and […]

20 May 2020
Fed Chair Warns of Possible Long-term Damage to the Economy

U.S. stocks ended down on Wednesday after Jay Powell, Chairman of the Federal Reserve, warned that the COVID-19 pandemic has the potential of causing long-term damage to the economy. Powell went on to say that the country may need to “deploy additional policy measures” as an effort to avoid a period of low growth and […]

14 May 2020