Jan 19, 2023 | Weekly Wrap-Up
Today we are targeted to approach the Debt Ceiling. Think of the Debt Ceiling as hitting the maximum on your credit card limit. For the Federal Government, that maximum is $31.4 trillion. If the US Government goes above that maximum – it goes into default. Just so...
Jan 12, 2023 | Weekly Wrap-Up
The equity markets have charged into 2023 with most major indices posting positive returns. The S&P is up 3.45% while Real Estate is up an impressive 6.23%. Bonds are also trying to make a comeback, up 2.52%. We expect more volatility to come, and everyone is...
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...
