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You can find reports from our Investment and Research team, timely and informative financial planning topics from our Wealth Management team, and deeper dives on various important topics in our white papers from any team member. Read online, share with friends, or download for your convenience.

Local COVID Impact Brief 6 24 2020 thumbnailEvery day the world wakes up to updated stats on the spreading pandemic.

Much of the data highlights big picture national level data. While this is important, COVID-19 is very much a local issue. An outbreak in one part of the country may not have much of a direct impact on you if your local area is performing well and vice versa. 

Click here to read our insights about the situation locally in Florida and the Sarasota area in a new brief

Key takeaways include: 

  • As the U.S. flattened the COVID-19 curve, Florida began loosening social distancing restrictions.
  • Positive COVID tests are increasing in Florida. Many cases are concentrated in the southeast Florida region and larger cities.
  • Worsening trends could negatively impact the economic recovery. A lot will depend on how well the medical system can absorb all the new cases.

Existing home sales missed expectations in May, reflecting a lack of activity during coronavirus induced lockdowns. Even with the miss, there is good news for the housing market: 30-year mortgage rates are near historic lows. The chart above shows the close relationship between existing home sales and 30-year mortgage rates. Under normal circumstances as mortgage rates decline, existing home sales rise. This is a positive backdrop for the housing market in the months to come, particularly if mortgage rates trend lower. For those looking to buy, now may be a great time to lock-in low interest rates.

Existing Home Sales Growth is Set to Improve 6 23 20

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Allegiant Private Advisors has been recognized on Accounting Today’s “Wealth Magnets” annual list as a Top Firm by Assets Under Management for 2020. Our independent firm offering fiduciary-level financial planning and investment advisory services earned a spot on the 2020 list based on Allegiant’s $789 million in assets under management. For the 14th annual ranking, Accounting Today received submissions from firms across the country; Allegiant is the only Sarasota-based firm included and one of three in Florida recognized in 2020. 

“Our team is honored to be recognized by Accounting Today because we proudly ‘speak CPA’ at Allegiant. We regularly liaison with our clients’ complete team of advisors including accountants, attorneys and other trusted professionals focused on protecting and preserving assets,” explained Allegiant Private Advisors President Benjamin W. Jones, CFP®, AIF®. “In recent months, this means many collaborative online meetings with clients as we evaluate and advise on tax saving strategies and help clients navigate provisions of the CARES Act including the Paycheck Protection Program.”

Retail sales became the latest major economic statistic to join the “bad but improving” camp. Although down slightly over the past year, retail sales made a strong recovery on a month-over-month basis. The recovery was broad-based with every major sector growing over the past month, while discretionary sectors made the biggest improvements. These massive monthly swings will likely stabilize as direct to consumer stimulus fades and pent-up demand dissipates. As we have said before, consumers’ willingness and ability to spend will be a major determinant of how the economic recovery takes shape on a broad scale.

Retail Sales Data Joins the Bad But Improving Quadrant 6 17 20

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Allegiant's President and Chief Investment Officer Benjamin W. Jones, CFP®, AIF®, offers insights about current circumstances surrounding the coronavirus pandemic in our latest brief. Please click here to read or download the full report


  • As the U.S. flattened the COVID-19 curve, states began loosening social distancing restrictions.
  • Statistical trends are worsening and half of U.S. states are currently experiencing accelerating COVID-19 case numbers.
  • Worsening trends could negatively impact the economic recovery. A lot will depend on how well the medical system can absorb all the new cases.

Allegiant's Investment Research Team has created a new Chart Book with updated easier-to-read graphics and a fresh glance at the most pertinent information we are examining today. Click here to read the June 2020 Chart Book

Our Director of Portfolio Management & Principal Luke Nicholas, CFA, CFP®, and Senior Research Analyst Will Geisdorf, CMT, also explain this month's data is a new video:

No two recessions are the same - that has never been more true than today. The U.S. has not experienced an economic decline like the one that started in March since the Great Depression. Even more, the sheer speed of the decline is unparalleled. This might seem like a negative, but it is actually a positive. The quicker the decline, the quicker the recovery can begin. 

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Allegiant's President and Chief Investment Officer Benjamin W. Jones, CFP®, AIF®, offers insights about the current state of employment in our latest brief. Please click here to read or download the full report


  • The speed and magnitude of recent job losses dwarf experiences in past recessions.
  • Job losses have hit some sectors much harder than others. Lower income workers have been most impacted.
  • A vast majority of the recently unemployed workers are classified as temporarily unemployed instead of permanently unemployed, leaving hope for a swift recovery.

Ben also shared his perspective about the May 2020 Jobs Report released on June 5, 2020, in a new video:

DrKarenHamad IMG 7863On May 19, the Allegiant Private Advisors team hosted a virtual presentation with our friend and guest Dr. Karen Hamad. 

Dr. Hamad is a double-boarded Internist and Pediatrician, a graduate of Tulane Medical School, former Sarasota Memorial Hospital (SMH) Chief of Staff, current Associate Program Director of the FSU Sarasota Internal Medicine residency program, and is now serving as the chair of the COVID-19 treatment task force at SMH.  

Dr. Hamad shared her insights and experience to help us gain a better perspective on what this crisis looks like from the "inside.” We appreciated this unique opportunity to hear directly from a doctor on the front lines of fighting COVID-19. 

Click here to view a recording of this special program

by Michelle Cross, CFP®, CPA, CDFA®, AIF®
Wealth Advisor

Unless you’ve been completely out of communication with the world for the last two months, you’ve heard about all of the financial support our government is pumping into the economy to keep it from collapsing.  The CARES Act provided $2 trillion of aid to individuals and businesses, the largest stimulus package in U.S. history.  Concern about whether that would be enough has driven the House to approve another $3 trillion through the HEROES Act.  That bill is now being debated within the Senate.

While the government acted swiftly and necessarily, one may ponder where all of this extra money is coming from.  Essentially, we are borrowing it from ourselves.  When annual government spending exceeds revenues, the difference adds to our (annual) federal deficit.  National debt (the total of all the annual federal deficits) is at historical highs in nominal dollar terms but it begs the question: 

How do our current annual deficit levels compare to previous times of crisis and on a more personal level, how do tax rates fit into the big picture?

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