September 20, 2021 The Markets In recent weeks, bullish sentiment has drifted lower like sediment settling after a storm. Every month, Bank of America (BofA) surveys global asset managers. The most recent survey, which was conducted in early September, showed that fewer managers remain optimistic about prospects for global economic growth (13 percent) or corporate […]
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In a new setback for crypto industry advocates, the pending bipartisan infrastructure bill includes tax-reporting requirements for cryptocurrency brokers.
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September 13, 2021 The Markets The Delta variant could take a toll on economic growth. There was some good news last week. The 7-day moving average of COVID-19 cases in the United States declined. The bad news was that the rate of infection remained about 99 percent higher than it was one year ago. As
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September 8, 2021 The Markets Stagflation isn’t trending, but it was mentioned in quite a few headlines last week. Stagflation is a portmanteau of ‘stagnation’ and ‘inflation.’ It occurs when a country experiences slow economic growth along with high inflation and high unemployment. In the United States: Economic growth was strong during the second quarter;
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September 2021 U.S. Markets Signs of an improving labor market, strong corporate earnings, and more clarity from the Fed on its tapering plans propelled stocks to multiple record highs during August. The Dow Jones Industrial Average gained 1.22%, while the Standard & Poor’s 500 index rose 2.90% . The Nasdaq Composite led, picking up 4.00%
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August 30, 2021 In a speech last week, Federal Reserve (Fed) Chair Jerome Powell confirmed that the United States economy has made substantial progress toward the Fed’s maximum employment and price stability goals. His words helped grow recent equity market returns and, consequently, the Fed is likely to slow, and eventually stop, the bond purchases
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August 23, 2021 The Markets Last week, markets were shaken by a potent cocktail of central bank tapering and economic growth concerns – mixed with coronavirus and a splash of new Chinese privacy law. On Wednesday, the U.S. Federal Reserve’s Open Market Committee Meeting minutes were released. They confirmed the Fed could begin tapering –
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In last week’s edition of The Mountain Times, Kevin unpacked social security, a critical component of many Americans’ financial strategy for retirement. What are the best ways to anticipate and maximize this retirement income source to best enhance our golden years? He addresses key questions, including: How to get the most out of this federal
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U.S. GDP in June was nearly $23 trillion, a difficult number to comprehend. Twenty-three trillion dollars would cover Rhode Island, Delaware, Connecticut, Hawaii, New Jersey, Massachusetts, New Hampshire, Vermont, Maryland, West Virginia, and part of South Carolina.
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