ALL ARTICLES
Weekly Market Commentary: May 5-11, 2024
Stocks are surging on hopes of Fed rate cuts. A soft GDP and rising unemployment haven't dampened spirits, thanks to the Fed's dovish tone. However, a slowing economy and persistent inflation pose risks. The market rally may hit a wall, so be cautious. Focus on your long-term plan and consider portfolio rebalancing as volatility could pick up.
Weekly Market Commentary: April 28 – May 4, 2024
Markets sold off hard on Tuesday, and it was the worst day for markets in over a year. In a brief four-month period, we have gone from expecting as many as six or seven rate cuts this year to anxiety that the Fed wouldn’t confirm no rate raises in the next few months. But Powell did indeed confirm the Fed plans to stay put (with the appropriate disclaimers, of course) and markets initially liked what they heard.
Op-ed: Target-date funds can be ‘a mixed bag’ for investors. Here’s why…
If you have a 401(k) plan — and about 60 million Americans do — chances are you are invested in a target-date fund. Undoubtedly, such funds can be a handy tool, helping to make retirement planning easier. Yet, they aren’t a cure-all for everyone.
Roth Conversions: Convert Everything at Once or as You Go?
Here are two hypothetical examples of Roth conversions made at different times that show a stark difference in what could be left for your beneficiaries.
Biden’s budget targets backdoor Roths and $10M retirement accounts
Wealthy Americans would lose some of the tax perks they can currently access through various retirement savings accounts under the budget recently proposed by President Joe Biden.
Weekly Market Commentary: March 24–30, 2024
The first quarter of 2024 will go down as the best quarter for U.S. stocks since 2019.
Weekly Market Commentary: March 17 – 23, 2024
Markets can bend and twist reality in very strange ways when they have decided on a direction. Spoiler alert: The direction right now is upward.
Weekly Market Commentary: March 10-16, 2024
The labor market continues to rebalance, but it’s rebalancing too slowly for the Federal Reserve. Then we received fresh data on Tuesday showing inflation just isn’t coming down.
Weekly Market Commentary: Feb. 18-24, 2024
The end of last week was a classic example of being rewarded for time in the markets and not caving in to emotions or market timing. Are there still concerns? Sure. Are markets being pushed higher by a small group of stocks? Yes!
Weekly Market Commentary: Feb. 11-17, 2024
Market highs got you nervous?
Relax, we've got your back. The Fed, inflation, and world events might stir the pot, but here's the truth: markets crave progress, and yours can too!
Weekly Market Commentary: Feb. 4-10, 2024
The S&P 500's record highs have investors wondering: diamond or bust?
Strong jobs and resilient consumer spending paint a rosy picture, but Fed Chair Powell's hawkish stance and conflicting economic data raise concerns. Is this a "high-pressure economy" forging a robust market, or a bubble primed to burst?
Weekly Market Commentary: Jan. 28-Feb 3, 2024
Remember the “Soup Nazi” from Seinfeld? Well, Federal Reserve Chairman Jerome Powell channeled his inner “Soup Nazi” with an emphatic “No rate cuts for you” last Wednesday.
Weekly Market Commentary: Jan. 21-27, 2024
After a rough first couple of weeks to open 2024, markets have been ripping the past week and a half. We’ve settled into an interesting environment where the talk has gone from a hard landing, recession and four rate hikes in 2023 to a soft landing and six possible rate cuts in 2024.
Weekly Market Commentary: Jan. 14-20, 2024
The consumer hasn’t gotten tired of spending — at least not yet. December retail sales, released last Wednesday, were strong and easily exceeded expectations. The latest consumer sentiment number also came out last week, jumping to its highest level in nearly three years.
Weekly Market Commentary: Dec. 24-30, 2023
Last week was a short one for trading, bookended by the Christmas and New Year’s holidays. Markets closed up again last week, with the S&P 500 marking its ninth straight weekly gain — the longest stretch in 20 years.
Weekly Market Commentary: Nov. 26 – Dec. 2, 2023
Christmas came early this year for investors. Colloquially known as a “Santa Claus rally,” the market experienced an upward bounce in the latter half of November. On the equities side, the S&P 500 and Nasdaq saw their best monthly gains (8.9% and 10.7%) since July 2020. Over on the bonds side, U.S. Treasury yields continued to drop and the bond market had its best monthly gain in nearly 40 years.
Weekly Market Commentary: November 12-18, 2023
Markets continued to climb back toward end-of-July highs last week. After the Federal Reserve’s last meeting and a softer jobs number indicated a slowing economy, markets began to look for additional confirmation of easing inflation. That arrived with a flourish last week (more in the next section) and all but sealed the end of additional interest rate hikes.
Weekly Market Commentary: October 15-21, 2023
Stocks opened the week strong, with the S&P 500 marking the 15th consecutive Monday of gains. But deepening tensions in the Middle East weighed on markets by mid-week, and shares fell sharply on Thursday following reports that a U.S. Navy destroyer had shot down cruise missiles reportedly headed toward Israel.
Weekly Market Commentary: October 8-14, 2023
Despite the conflict in Israel, markets rallied early last week, and the potential for added turmoil in the Middle East had not had any measurable impact on the markets through the middle of the week.