Jan 5, 2023 | Weekly Wrap-Up
On December 23, 2022, the US House of Representatives finally passed the Consolidated Appropriations Act of 2023 – a spending bill authorizing roughly $1.7 trillion in new Federal Spending. Included in the 4000+ page document was the retirement bill known as SECURE...
Dec 29, 2022 | Weekly Wrap-Up
This year has been a doozy for the stock market. Lots of ups and downs with the market, once again, flirting near bear market territory (down 20%+). While you can’t control the market gyrations, here are some financial tips for things you can control. #1 Set up a...
Dec 22, 2022 | Weekly Wrap-Up
We end the year with inflation above 7% and the stock market below 15% (and still declining). The Federal Reserve Bank has worked very hard this year to bring inflation down from its peak of 11%+. Unfortunately, the end does not appear to be in sight. We’ve...
Dec 15, 2022 | Weekly Wrap-Up
This week the Federal Reserve Bank met this week and surprised most by raising the key Fed Funds rate by 0.50%. The markets reacted strongly on Thursday 12/15 by declining by 900 points at one point. November inflation had come in 0.1% higher than the previous...
Dec 2, 2022 | Weekly Wrap-Up
This week was fairly quiet following the Thanksgiving Holiday. We are still seeing housing prices decline and demand weaken amid high mortgage rates (currently around 6.50% for a 30 yr. fixed mortgage). Job data was released this week that also shows signs of...
Nov 17, 2022 | Weekly Wrap-Up
Last week the inflation report came in for October much lower than expected at 7.7%. The market reacted strongly with the Dow Jones Industrial Average soaring 1200 points or almost 4% Nov.10. The S&P 500 increased 5.5% the same day. This is the biggest rally we...
