Managing Director, Ed Doughty, just returned from a 10-day trip serving with Wine To Water, a North Carolina based non-profit that aims to eradicate the global water crisis. He and a handful other volunteers visited and worked in several remote communities along the Amazon River in Columbia and Brazil. The main project was the construction of a 3-story water tower that will support a 5000-liter water tank connected to a water-pump pulling from a deep underground well. This water system will enable the 40 homes in the riverside community of Santa Luzia to receive water directly to their homes and to the local community school. Wine to Water has also provided a Sawyer Point-One water filter to each family so that the water piped-in from the newly constructed water system will truly provide clean water, free from any bacteria and much safer for the 100+ men, women and children of the community to utilize and consume. If you would like to learn more about Wine to Water, or would like to support them in any way, please visit their website at https://winetowater.org or simply reach out to Ed Doughty who leads the Charlotte Chapter of Wine to Water. Ed has also volunteered with WTW in Uganda, Ethiopia and the Dominican Republic.
“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket.” —Warren Buffett
From Our Partners at PAI: The CARES (Coronavirus Aid, Relief, and Economic Security) Act has been a topic of discussion for weeks as legislators discussed the best way to give Americans a much-needed boost as the economy has faltered due to the Coronavirus. Signed into law in late March, there are several provisions that will … Continue reading “CARES Act and Coronavirus Relief”
Factor #1 in our Road to Recovery Playbook is finding confidence in the peak of COVID-19 cases in the United States. At Epic Capital, we are monitoring this factor daily, and we wanted to provide an update into what we are seeing. As shown in the Chart of the Day, while the number of new … Continue reading “Road to Recovery: COVID-19 Case Update”
The big equity bounce has continued, with the S&P 500 Index up more than 17% from the multi-year lows hit last Monday. The big question on many investors’ minds is could this be a bear market rally? After all, some of the most spectacular short-term bounces took place during bear markets.
Market gives up some gains into the weekend. Following the historic run over the past three days, US equities are lower in early trading Friday. The United States now has more confirmed cases of COVID-19 than China, though far fewer deaths. The stimulus package is expected to pass through the House of Representatives today before … Continue reading “Market Update: Friday March 27, 2020”
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