A decade ago when the financial crisis was still a recent threat, the Federal Reserve embarked on a massive stimulus campaign to fortify and expand the housing market for millions of Americans. The objective was to facilitate low mortgage rates that would make buying a home affordable for everyone. Even though mortgage rates dropped to […]
December 2019 Market Performance The stock market continued to display strength through the final month of 2019 despite some turbulence at the start. The early volatility was largely the result of increasingly aggressive trade rhetoric which likely spooked investors who still remember the holiday downturn in 2018. These tensions eased in the second half of […]
Stocks Remain on Positive Trajectory In sharp contrast to 2018, equity markets advanced in 2019 with gains not seen since 2013. Technology, financials, and communications were the leading S&P 500 sectors in 2019. Total stock market value increased $7.5 trillion for the year. The equity market rebound from its topple in December 2018 was unexpected […]
Financial markets experienced a bountiful time for stocks and bonds over the last decade, as a low rate environment fostered by the Federal Reserve and technological advances driven by innovation, catapulted values higher. The 2010 decade was the first decade to avoid a domestic economic recession, with accelerated growth in various sectors including technology, healthcare, […]
Has anyone ever made an unfair assumption about your money habits? Was that assumption based on how old you are? People often look for patterns and trends when it comes to spending and saving, but in reality, your financial approach probably isn’t based on age or decade alone. What do you think? Do these common […]
Every year the International Monetary Fund (IMF) releases a report on its outlook for worldwide economic growth. The IMF is an international organization consisting of 189 countries working to foster global financial cooperation. In its most recent report released in October, the IMF noted that the global economy is in a synchronized slowdown with a […]
The Federal Reserve is once again expanding its balance sheet, currently buying $60 billion of Treasury bills each month. This is eerily similar to the Fed’s Quantitative Easing (QE) program meant to stimulate economic activity in the aftermath of the Great Recession. Even so, the Fed denies that it is QE, but rather just a […]
Taxes and income inequality have become a key agenda topic among the presidential candidates. Various proposals from the candidates include repealing the Tax & Jobs Act, removing the step-up basis for inherited assets, increasing capital gains tax, imposing a financial transaction tax, and eliminating the tax deduction for mortgage interest on a second home. Presidential […]
According to the most recent data released by the IRS, it took an income of $515,371 to be part of the top 1% of earners in 2017. That’s 7.2% more than was needed to crack the 1% mark from the previous year — an additional $37,106 earned. Of the 138,945,000 individual tax returns filed in […]
December Market Performance The first half of December has thrown out a couple of surprises for the stocks, causing wide zigzags in market indices. Pessimistic reports and investor anxiety over the economy and trade initially created a market pullback at the start of the month; but a couple rounds of positive developments quickly yanked stocks […]
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