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June 2017 Economic Update

The Month in Brief May was another good month for stocks. The S&P 500 gained more than 1%, putting its YTD advance above 7.7%. While the housing market showed some spring weakness, hiring bounced back and most other important economic indicators did not falter. Wall Street seemed little troubled by politics, terrorist incidents, data disappointments, or earnings misses. Overseas, stock benchmarks largely… Read more

april 2017 economic update

April Economic Update

The Month in Brief Stocks went sideways rather than north in March, with the S&P 500 losing just 0.04%. The Federal Reserve made another quarter-point interest rate move, and overseas, the United Kingdom initiated Brexit proceedings. While new data showed weak consumer spending, consumer optimism remained high and hiring was once again strong. A subpar month for commodities did bring major gains… Read more

march economic update

March Economic Update

The Month in Brief February was a great month for stocks and a historic month for the Dow Jones Industrial Average. The blue chips closed at record highs for 12 straight trading sessions, a feat unmatched for 30 years. The S&P 500 gained 3.72% for the month. Readings on consumer confidence and purchasing manager indices remained impressive, and a key home price… Read more

february '17 econ update

February Economic Update

The Month in Brief Stocks advanced again in January. The Dow Jones Industrial Average closed above 20,000 for the first time, and the S&P 500 gained 1.79% on the month. As January ended, politics took center stage: investors focused first on the controversy surrounding President Donald Trump’s executive orders, then on earnings and economic indicators. As the forex market sensed that the… Read more

jan '17 econ update cover photo

January Economic Update

The Month in Brief While the Dow Jones Industrial Average did not top 20,000 in December, it did advance nicely, gaining 3.34%. The Federal Reserve took its interest rate target to 0.50-0.75%, adjusting the federal funds rate for just the second time in two years; around the world, other central banks held rates steady, and one even pledged additional easing. Oil prices… Read more

2016 Year-End Tax Seminar Recap

Our 7th annual Year End Tax Seminar was a huge success – thank you to those who attended. This year, the seminar focused on the likelihood of tax reform in 2017. Joe and Al addressed the major tax reform proposals from both Trump and the House GOP, then finished the seminar with year-end tax planning tips. If you missed the seminar or would… Read more

dec '16 econ update

December Economic Update

The Month in Brief November was certainly newsworthy, presenting investors with three historic moments. First, Donald Trump won the presidency in a stunning upset that confounded political analysts. Next, the stock market rallied spectacularly after receiving that unanticipated news – the Dow Jones Industrial Average repeatedly closed at all-time peaks, advancing 5.41% on the month. Finally, OPEC nations agreed to reduce oil… Read more

year-end to do list blog image

Your Year-End Financial To-Do List

Things you can do before & for 2017. What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those goals as well. What can you do to lower your 2017 taxes?… Read more

november '16 econ update

November Economic Update

The Month in Brief Bulls were reined in during October. The S&P 500 lost 1.94% as Wall Street responded unenthusiastically to the fall earnings season. Even though much of the economic news that emerged in October was good, investors saw an interest rate hike on the horizon and remained concerned about an increasingly controversial presidential race. Consumer confidence waned, but improved manufacturing,… Read more

tax deadlines

6 Important Deadlines for December 31st

With the end of the year fast approaching, it’s easy to get side-tracked when it comes to getting your finances in order. Don’t miss these six tax deadlines which you must complete before December 31st: 1. Deadline to Convert to a Roth IRA Recent tax law changes have enabled all investors to convert to a Roth IRA from existing retirement accounts. A Roth IRA provides… Read more

october 2016 econom update

October Economic Update

The Month in Brief Investors had plenty of news to absorb in September: the latest monetary policy statement from the Federal Reserve, the Wells Fargo fiasco and the crisis involving Deutsche Bank, and a major deal forged between OPEC member nations. Add in the presidential race and a raft of economic data, and you had all the ingredients for market turbulence. Wall… Read more

september '16 update

September Economic Update

Developments that affected the economy & the markets in the past month. The Month in Brief How calm was August? Very. At the close on August 31, the S&P 500 had not moved 1% up or down in a trading session since July 8. The latest round of U.S. economic indicators showed a healthy labor market, solid consumer spending, decent consumer confidence,… Read more