Insights & Understanding

The market turmoil of recent days and weeks—not only the swift damage to equity valuations, but the uncharacteristic volatility in fixed income—bears out the risks I have articulated for some time about this extraordinary economic and monetary period. For many quarters, the U.S. Federal Reserve has been walking a high wire between taming inflation and keeping economic growth in positive territory. More recently, the war in Ukraine and new Covid lockdowns in China have violently jostled the central bank from both sides of that wire—along with the nerves of consumers, businesses and market participants.

Stamford, Connecticut—Clear Harbor Asset Management LLC today announced that Aaron Kennon, the CEO and Co-Founder of the firm, has been named to Forbes Magazine’s 2022 list of Best-In-State Wealth Advisors. “This award is a tribute to the positive impact that a collective team can have on the lives of others. We are passionate about our work and are reminded during this moment of significant economic and geopolitical uncertainty how the application of it can benefit the individuals, families, and institutions that we work with each and every day,” commented Mr. Kennon.

The rising temperatures in recent days boiled over with Russia’s stunning overnight assault on Ukraine, with armored columns and airstrikes against numerous cities, including the capital of Kyiv. On a humanitarian level, we mourn what will most likely cause significant loss of life, and the largest disruption of a peaceful Europe since the end of World War II.

Stamford, Connecticut—Clear Harbor Asset Management LLC today announced that Aaron Kennon, the CEO and Co-Founder of the firm, has been named to Forbes Magazine’s 2021 list of Best-In-State Wealth Advisors. “This award belongs to the entire Clear Harbor family—my colleagues and the firm’s trusted clients. The Clear Harbor team is passionate about the work that we do on behalf of our clients—particularly during this moment of great economic and geopolitical uncertainty. This award reflects the personalized approach that we embrace and the commitment that we make to deliver what we consider to be best-in-class advice and service to each of our client relationships,” commented Mr. Kennon.

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here.

- Due Date for Federal Income Tax Returns and Payments Postponed to July 15 - Required Minimum Distributions from IRAs, 401(k) plans, and Other Retirement Accounts are Not “Required” in Calendar Year 2020 Due to the coronavirus pandemic, the