In the modern mainstream media era where everything is “breaking news”, please don’t assume I’m falling prey to this same use of hyperbole just to get eyeballs. There really is a LOT of news this week that could “possibly” change the outlook for stock and bond returns for the rest of 2023. I put possibly […]
“I don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not. It is not knowable.” Jerome H. Powell, Chair of the Federal Reserve. News conference, December 14, 2022. We are not smarter than the Federal Reserve, so we […]
As financial advisors, we’re used to all the nuances and choices that retirees face when it comes to when and how to take their Required Minimum Distribution (RMD). However, for those retirees turning 73 this year who have never dealt with RMDs before, there can be a lot of items to consider beyond just “how […]
I’ve had a few clients ask me about the stock market swings this week. First, we had the 700-point rally in the Dow on Wednesday, and then on Friday the market opened down over 300 points. I’m guessing some of you may have wondered the same thing, so I wanted to share my thoughts. For […]
The recent market rally inspired several calls from clients asking whether it is time to invest money again, after a bruising first half of the year. With the past week seeing stocks retreat off their recent highs, it is a good time to review how one should invest in unpredictable markets. The S&P reached its […]
Humor me while I repeat myself. There are some points worth making more than once. Especially when it comes to inflation, recession, and the stock market. In my May 2, 2022 Blog, What’s Up with Current Market Volatility, I referenced the following: The Federal Reserve oversees the control of inflation. The key tools the Fed […]
We are amid one of those nasty pullbacks, and this time there is no place for an investor to hide. April ended with the S&P 500 and the All World Country Index Ex US down 13% year to date, while the US aggregate bond index has fallen 9%. Commodities have been a bright spot, but […]
Looking for the return to normalcy in 2022? Expectations could be the key. 2021: the Economy, Americans, and the Markets During 2021 the economy continued its steep, rapid recovery from the deep, pandemic recession to an economy with close to 5% GDP growth and near full employment. Corporate profits soared, innovation and entrepreneurship accelerated, and […]
Recently, StrategicPoint Partner and Senior Advisor Derek Amey was interviewed by Richard August on “State of the State”, a public access television show produced in Rhode Island. Our recent podcast focusing on the current shortages in workers prompted Mr. August to invite Derek for a one-on-one interview about the popular topic. You can click here […]
So, what exactly is happening to LIBOR? For years there have been talks about one of the most widely used interest rate benchmarks being phased out and replaced. The plan is for LIBOR to be fully phased out by 2023, but no new contracts using LIBOR will be issued beyond 2021. In this blog I’ll […]
