The Federal Reserve will have a rate announcement on July 31st, but no change is expected until mid-September. The S&P 500 hit new highs in July, but as of this writing, the index had a small loss for the month; there was quite a bit of rotation beneath the surface of the stock market. Bond yields remain attractive, but Fed cuts may change how cash needs to be managed.
Social media is a place that can connect people in many ways. As more people are connecting and sharing information and ideas, it is important to note that while you can get incredibly helpful tips, social media can also circulate inaccurate or misleading information.
The second quarter ended near a new closing high for the S&P 500. For the second time in a row, the index marked a new intraday high on the final trading day of the quarter. Broadly, the economy continued to grow, though the rate of change slowed for some indicators. Bond yields rose then fell on various inflation reports and shifting expectations for Fed rate cuts.
The S&P 500 rose above 5,500 for the first time this month on strength from the largest Technology stocks. Inflation readings generally improved and it will be more than a year from the last Fed hike (July) to the first Fed cut.
The U.S. Department of Labor’s Wage and Hour Division adopted a rule that significantly increases the level of income below which employers are required to pay overtime for executive, administrative and professional employees.
Stocks climbed to new highs this month after a good corporate earnings season and modest inflation reports.
Retirement is something that many of us eagerly anticipate, but few think about the changes that really occur at this time in our lives. There are a number of tasks and considerations that are important to evaluate before you make this leap.
Discussion regarding the many facets of AI (Artificial Intelligence) is spreading around the world. Several fears are being expressed about AI in general, but one serious threat that has come to fruition is the Deepfake.
After hitting an all-time high in March, the S&P 500 stock index proceeded to pull back over 5% in the first three weeks of April. As we mentioned before, 5% pullbacks happen in most years.
The first quarter ended with a new high for the S&P 500. Earnings growth expectations helped fuel the rally, which kept going despite higher interest rates. Higher rates pushed bond prices lower, resulting in a small loss for the Aggregate index, though our clients’ exposure to shorter-term corporate bonds and alternative funds typically resulted in a gain.