Weekly Wrap-up

For the first time in a decade, the US experienced one of the largest failures by a US lender – Silicon Valley Bank.     Today, Treasury Secretary Janet Yellen reacted to the largest failure by a US lender in more than a decade by declaring that the US banking system...

For the first time in more than two decades, cash and other risk-free securities are delivering larger returns than a 60/40 portfolio of stocks and bonds.   The yield on six-month US Treasury bills rose as high as 5.14% Tuesday, the highest since 2007. You can find 1...

Amazon closed a $1.9b deal to acquire OneMedical.  Consumers who buy their books, clothing, electronics, sporting goods, jewelry, groceries (and almost everything else under the sun) will soon be able to get their health care and medications from the mega retailer....

In November, OpenAI launched an intelligent language-generating model called ChatGPT that could answer almost any question coherently and in surprising detail.  It is estimated over 30% of working professionals have tried using ChatGPT at work. If you ask it the right...

“Retiring in a down market?  A few more years of work can make a HUGE difference.  Timing is everything when it comes to retirement.” Retiring in a bear market can harm your portfolio for the long-term, even if the market eventually recovers. According to a new study...

January came out with a BANG!  The stock market posted impressive returns with all major market indices posting positive results.  While we hope this trend continues, we do not think we are out of the woods yet… Equity Markets are booming….so far: S&P 500 = up...

It is easy to love the stock market when your account values go up month after month.  Conversely, it is alarming to see the monthly declines in your values. Ouch!  What should you do if you want to throw in the towel?  Here are some things to consider…   Is your...

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...

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...

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...