By: sistoadmin | July 9, 2024
The beginning of 2024 started out a lot like the end of 2023, with markets rising amid talk of a potential decrease in US inflation and interest rate cuts from the Federal Reserve that could follow. But much like last year, those expectations remained unfulfilled, as core inflation fell slightly but held above 3% and … Continue reading Midyear Review: Stocks Maintain Momentum
Stable economic growth, falling inflation, impending Fed rate cuts and ever-growing enthusiasm towards artificial intelligence (AI) propelled stocks higher, as the S&P 500 rose above 5,000 for the first time and hit new all-time highs.
Markets staged an impressive reversal in the fourth quarter thanks to a surprise dovish pivot by the Federal Reserve, resulting in the best annual return since 2021.
The S&P 500 rose to the highest level since March 2022 early in the third quarter but rising global bond yields, fears of a rebound in inflation, and concerns about a future economic slowdown weighed on the major indices in August and September and the S&P 500 finished the third quarter with a modest loss.
Stronger-than-expected corporate earnings and relatively drama-free resolution of the debt ceiling usher stable growth and falling inflation.
Any stock can go to zero, no matter how established a company is, or how loyal and wealthy its customers are. Learn this important lesson: While many people think they know more than other investors, none of us knows more than the market.
The Fed signaling that their historic rate hike campaign is coming to an end helped offset two rate increases and the biggest bank failures since the financial crisis.
The IRS and California FTB have announced the postponement of tax filing and payment deadlines to October 16, 2023, for taxpayers located in all California counties except Modoc, Shasta, Lassen, Plumas, Sierra, Kern & Imperial (see map attached). The extended date applies to all returns due prior to the October 16, 2023 deadline and applies … Continue reading California Storm Relief – IRS and FTB Push Tax Filing Deadline to October 16, 2023
Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December and the S&P 500 finished the fourth quarter with only modest … Continue reading Historic Fed Rate Hikes and Decades-High Inflation Weigh on Stocks and Bonds
There is a lot of debate as to whether you may be treated as an employee or as an independent contractor when you are performing gig work. Depending on where you live, it’s possible that you may be treated as an contractor for federal tax purposes, and as an employee for state purposes.