It’s about jobs, money and survival!
Private payrolls blew out more than 20 million jobs in April as companies laid off or furloughed workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP.
In all, the decline totaled 20,236,000 — easily the worst loss in the survey’s history going back to 2002 but not as bad as the 22 million that economists surveyed by Dow Jones had been expecting. The previous record was 834,665 in February 2009 amid the financial crisis and accompanying Great Recession.
Some states are lifting restrictions and getting back to work. Here’s what you should know
KANSAS—Some restrictions lifted
Travel outside home: People are advised to minimize nonessential travel. (Order)
Gatherings: Mass gatherings of more than 10 individuals are prohibited if social distancing isn’t possible.
Businesses: Nonessential businesses can reopen with social distancing. Fitness centers, bars, nightclubs and salons remain closed. Local restrictions may apply.
Quarantines: 14-day self-quarantine for those who’ve recently traveled overseas or to Massachusetts, Rhode Island, Connecticut, Louisiana, Colorado, Illinois, New Jersey or New York.
Bars/restaurants: Restaurants can open with social distancing. Bars remain closed.
Beaches/parks: State parks are open. Some beaches are closed.
MISSOURI—Some restrictions lifted
Travel outside home: Residents should try to minimize travel. (Order)
Gatherings: Individuals should maximize physical distance from others when in public.
Businesses: Businesses are urged to follow infection prevention guidelines. Retailers must restrict occupancy.
Quarantines: No statewide directive.
Bars/restaurants: Restaurants can open their dining rooms, but must space out seating and follow sanitary measures.
Beaches/parks: State parks and trails are open during the day.
We’re Watching – Opportunistically
Let’s take a look at the Charts
Holding above critical support is good.
WealthSentry ETF 55, 70 & 85- Is a highly diversified portfolio of exchange traded funds holding a large number of equities in large, mid-cap and small cap as well as international and equities and a diversified selection of bond ETF’s. 95% to 100% Target.
WealthSentry Low Beta Retire (Intelligent Diversification) is made up of low beta equities which have the potential to out perform the S&P using high quality names in energy, real estate, food. technology, defense and retailing. We will adjust the portfolio, eliminating five of the weakest names, introducing new, stronger companies. 95% to 100% Target.
What we continue to see is the WealthSentry Retire portfolios are generally offering the best risk to reward scenario for our clients.
You’re in WealthSentry – We’re watching opportunistically.