The S&P 500 Surges to 14-Month High on Falling Inflation and Stable Growth
By: sistoadmin | July 8, 2023
Stronger-than-expected corporate earnings and relatively drama-free resolution of the debt ceiling usher stable growth and falling inflation.
The Stock Market vs. Stocks in the Market
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.
Markets Show Resilience to Start 2023
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.
California Storm Relief – IRS and FTB Push Tax Filing Deadline to October 16, 2023
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
Historic Fed Rate Hikes and Decades-High Inflation Weigh on Stocks and Bonds
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
Important Information About the 1099-K and the Gig Economy
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.
Stocks and Bonds Extend Their Declines in the 3rd Quarter
The third quarter started with a solid rebound in stocks and bonds that was driven by resilient corporate earnings, signs of a possible peak in inflation, and hints from the Federal Reserve that the end of the rate hiking cycle may come sooner than markets initially expected.
The Cost of Trying To Time the Market
The impact of being out of the market for a short time can be profound, as shown by this hypothetical investment in the stocks that make up the Russell 3000 Index.
Higher Interest Rates, Inflation, and Rising Recession Risks
The S&P 500 continued to decline in the second quarter, hitting the lowest level since December 2020 as still-high inflation, sharp increases in interest rates, rising recession risks, and ongoing geopolitical unrest pressured stocks and other assets.
Are We Headed for a Recession?
Recessions are always identified with a lag. By the time one is called, the worst of its impact on markets has usually passed.