Oil’s plunge in April was of historic proportions, falling below $0 per barrel for the first time ever in history. The collapse in U.S. oil prices, as tracked by WTI, fell as storage for crude oil became nearly completely unavailable worldwide. The economy may have an indirect boost with the price of gasoline expected to […]
Compared to other countries, U.S. income tax rates are relatively low. Imposed tax rates vary from country to country depending on the country’s tax base, overall government expenditures, and social programs offered. Public and social programs including healthcare and education, as well as the demographics of a country’s taxpayers, also contribute to tax rates. Scandinavian […]
A drop in mortgage rates to near historic lows has not been enough to offset a decline in demand for homebuyers. The ongoing travel and socialization restrictions are inhibiting would-be home shoppers from viewing and buying properties. Of the various factors influencing the housing market, employment is the most significant. No matter how low mortgage […]
The Federal Trade Commission (FTC) posted a handful of identified scams circulating throughout the country as a result of the coronavirus outbreak. Scammers are exploiting consumer fears and paranoia by targeting wary victims via email, phone, and text messages. Below are various scams to be aware of and what to do: Don’t respond to texts, […]
May Market Performance In comparison to its record performance in April, the stock market has been much more mixed in May. Financial markets have seen significant ups and downs through the first half of the month as optimism and concern trade mindshare amongst investors. As a result, the stock market has been unable to commit […]
April Markets Performance Financial markets snapped higher in April in a strong rebound from the depths of the previous month’s crash, and delivered the best month the stock market has seen since the 1980s. This rally is at odds with the current data showing we are in the midst of one of the sharpest economic […]
Stocks Ballooning Despite Recession Equities are in rebound mode since April, recapturing some of the losses suffered in March. Stocks were enhanced by reopening prospects and stimulus efforts targeting businesses. All eleven sectors composing the S&P 500 Index were positive in April, a strong reversal relative to March. Health Care, Technology, and Consumer Staples were […]
Financial markets have been encouraged with recent announcements of reopening plans by various states, and a potential rebound in economic activity. Individual states are starting to ease restrictions and allow certain businesses to reopen for the first time since a state of emergency was declared on March 14th. Analysts and economists agree that it may […]
Are you familiar with the new provisions about retirement accounts from the SECURE Act and coronavirus relief bill? Some of these changes may affect how you make retirement decisions in the coming weeks and months. These new rules don’t apply to everyone and it’s important to consider your situation before making any big changes, but […]
Extreme volatility appeared in the oil markets as prices fell to their lowest levels since 2002, tumbling to $20.37 (WTI) in mid-March, then rebounding 25% on March 19th, the largest one day rise in oil market history. Prices collapsed due to a combination of production hikes from Russia and Saudi Arabia as well as collapse […]
The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets.
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