Markets Sink Following Inflation Report Inflation numbers are headed in the wrong direction. June’s consumer price index (CPI) came in at 9.1%, surpassing the expected 8.8% and hitting a fresh 40-year high. The number pretty much locks in another interest rate rise of 75 basis points (.75%) at the Federal Reserve’s next meeting, scheduled for …
THE WEEK IN REVIEW: June 19-25 Finally! A positive week for markets After finishing down in the past 10 of 11 weeks, markets finally showed signs of life last week. A sharp rally helped boost the S&P 500 out of the bear market territory, while the Dow added more than 800 points late in the …
THE WEEK IN REVIEW: June 20 Interest rates spike, markets rally The Fed met on Tuesday and Wednesday. Expectations last week were for it to raise rates another 50 basis points (bps) and for the Fed Funds rate to rise to 1.25%, but over the weekend it was leaked that the Fed would rise by …
Written by Erik Schuster, CFP® Financial Planner: US Stocks and Bonds are moving in the same direction, down. Since 2000, it is rare to see stocks and bonds move in correlation. It happened briefly in 2008 and again in 2018. Both occurrences were short-lived. What we are seeing today is the perfect storm the Federal …
THE WEEK IN REVIEW: June 5 – 11 Inflation Gets Worse The Consumer Price Index (CPI) climbed back to 8.6% after dipping to 8.3% in May, setting a new 40 – year high. (The previous recent high was 8.5% in March.) So much for peaking inflation; it seems we’re heading in the wrong direction. Prior …
THE WEEK IN REVIEW: May 29 – June 4 When strong jobs growth is bad for markets There are plenty of open jobs — but job growth is slowing. Last Friday’s Bureau of Labor Statistics (BLS) situation showed that job growth is still there. We added 390,000 new jobs in May, much higher than the …
Relax With Our May Newsletter! May Newsletter
Written by Jeff Walker, Financial Planner Retirement Account or Retirement Plan: What’s The Difference? The most widely used and well-known retirement savings plan in the United States is a 401(k) plan. The term \”401(k)\” refers to Section 401(k) of the Internal Revenue Code. These types of plans allow employees to avoid taxation on their income …
Retirement Account or Retirement Plan: What’s The Difference? Read More »
Refresh This Spring With Our April Newsletter! April 2022 Newsletter
