Introducing Invested in Community
Greetings Eagle Wealth Community,
People need help right now.
Although the states are gradually reopening, many members of our community are struggling and will be for a long time to come. That’s why we’ve started our new giving program, Invested in Community. Please take a moment to read about it below and learn how you can join in. As always, take care of yourself and call us if we can help.
Your Eagle Wealth Team
Our goal at Eagle Wealth Management is to make a positive difference in people’s lives, and not just for our clients. During these tough times, we are fortunate to be able to serve by giving back. Households and small businesses are struggling and our new program aims to support both.
With your help, we want to pay it forward through our Invested in Community program. We’ll hold regular drawings for $100 gift certificates, purchased by EWM, but given away by YOU to a community member to brighten up their day.
How It Works
Step 1: Choose a person
Who do you know that could use a helping hand or a bit of kindness? A friend, business owner, housecleaner, front line worker, family member, uber driver. . . you decide. We trust your judgement.
Step 2: Choose a local business
Pick a small business you want to support that we can purchase a gift certificate from. The local grocer, restaurant, hardware store, hairdresser, etc. Someone small and part of your community.
Step 3: Enter the drawing for a $100 gift certificate
To enter the drawing, sign up here with your contact information, who you want to help, and the local business to support. Please register for the first round of the program by Wednesday, May 27th. We’ll have regular drawings to award five certificates a month through August.
Step 4: Pay it Forward
If your name is chosen, we’ll mail you a $100 gift certificate from the business you requested, and you pay it forward to the person you chose.
In return, we just hope you will tell us about your experience! We could all use stories of kindness right now, and with your permission, we would like to share some of these stories from our Invested in Community program in our weekly email newsletter.
Simple gestures can make a big impact in the lives of others. Sign up now to help us pay it forward!
Fine print and exclusions
- Must be an Eagle Wealth Management Community member to enter the drawing.
- One entry per person. Your entry will rollover from month to month until you are chosen or the program ends.
- Please choose a local business and ensure they sell gift certificates for their business.
- Your name and the recipients name can remain confidential. We will ask your preference if you are chosen.
- Drawings will be held on a regular basis, beginning with five per month through August.
- If you have questions, please contact emily@myeaglewealth.com
Fresh air and sunshine can go a long away according to Brody. He hits the trails daily on his new mountain bike. His commitment to health and love for nature motivates him to average nearly 100 miles per week! After living in Central Oregon for almost a year, Brody is taking full advantage of his backyard wilderness.
But the trails aren’t the only place to cycle. With less traffic on the roads, neighborhood streets are a great place to go for a spin. So, tune up your bike, feel the breeze in your hair, and enjoy the ride.
On the fence? Check out 3 health benefits of cycling.
The Week on Wall Street
Stocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell’s unsettling comments on the economy and signs of renewed tensions with China.
The Dow Jones Industrial Average fell 2.65%, while the Standard & Poor’s 500 retreated 2.26%. The Nasdaq Composite Index slipped 1.17% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, slid 3.66%.[i],[ii],[iii]
Stocks Pull Back
Stocks moved lower throughout most of last week on worries that the emerging economic reopening might accelerate the spread of COVID-19. Comments by Fed Chair Powell added to the downside pressure when he expressed concern about the path ahead for the U.S. economy.
The stock market managed to find some firmer footing, posting a strong gain on Thursday. Stocks rallied again on Friday, overcoming headlines that suggested a souring relationship with China and a report that showed U.S. retail sales dropped 16.4% in April.[iv]
Powell Speaks
Fed Chair Powell spoke last Wednesday and painted a somber economic outlook, remarking that “the path ahead is highly uncertain and subject to significant downside risks.” He urged the White House and Congress to pass additional financial relief to help the economic recovery, adding that there was no plan on the Fed’s part to cut the federal funds rate to below zero.[v]
Powell also referenced internal Fed research that found those least able to weather the current economic environment were most impacted, with nearly 40% of households making less than $40,000 per year having lost a job in March.[vi]
THIS WEEK: KEY ECONOMIC DATA
Tuesday: Housing Starts.
Wednesday: FOMC (Federal Open Market Committee) Minutes.
Thursday: Jobless Claims. Existing Home Sales. Index of Leading Economic Indicators.
Source: Econoday, May 15, 2020
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THIS WEEK: COMPANIES REPORTING EARNINGS
Monday: Baidu (BIDU)
Tuesday: Walmart (WMT), Home Depot (HD)
Wednesday: Kohls (KSS), Target (TGT), Lowes Cos. (LOW), Expedia Group (EXPE)
Thursday: Nvidia (NVDA), TJX Cos. (TJX), Ross Stores (ROST), Intuit (INTU)
Friday: Deere (DE), Alibaba Group (BABA), Pinduoduo (PDD)
Source: Zacks, May 15, 2020
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.