Market Review If you recall from our Q1 2022 newsletter, our economy has been experiencing booming demand, supply-chain interruptions, an ensuing Russia-Ukraine war, and rising interest rates, all of which have contributed to notable market volatility. Well, the volatility has...
The number of 401(k) and IRA millionaires reached an all-time high in the first quarter of 2021, according to Fidelity Investments. Retirement account balances have been steadily recovering in the year since COVID first emerged, even surpassing pre-pandemic levels. Today,...
Higher interest rates make borrowing and spending across the economy more difficult, cooling demand The Fed is expected to raise rates three more times in 2022 The next Fed hike will come by July 27 As Americans brave 40-year high...
Since the start of the year, a longstanding trend in U.S. stocks has suddenly reversed: formerly highflying growth stocks have gotten hammered, while “value” names have taken on the mantel of market leaders at a time when stocks are on...
Contract closings fell 5.4% in June, more than forecast Median selling price rose to a fresh record of $416,000 Sales of previously owned US homes fell in June to a two-year low as a surge in borrowing costs continues to...
The bankruptcy filing from Three Arrows Capital (3AC) triggered a downward spiral that wrapped in many crypto investors. The hedge fund failed to meet margin calls from its lenders. “3AC was supposed to be the adult in the room,” said...
Across the country, renters looking for new homes are facing dizzying double-digit rent increases. But you wouldn’t know it from the official federal tally of inflation data. In the last eight months, the rate of change in annual rental costs...
The Nasdaq (^IXIC) and Russell 2000 (^RUT) are having their worst year ever. The Dow Jones Industrial Average (^DJI) is off to its worst start since 1962. And you'd have to travel back to 1970 for a worse first and...
Bitcoin has lost around 58% of its value in the second quarter of 2022, its worst quarterly loss in more than a decade. This is the worst quarterly performance for bitcoin since the third quarter of 2011 when it lost...
You’re making the effort to stay on top of your estate plan. That’s great! Now don’t mess it up. Here is how to avoid five of the biggest blunders people often make. Establishing an estate plan is extremely important. As...
The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as...
US stocks were lower, but barely changed, on Wednesday, with none of the three major averages logging changes larger than 0.2% At the closing bell on Wednesday the S&P 500 dropped 0.13% to settled at 3,579.89, while the Dow and...
Bitcoin BTCUSD, -2.08% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No.1 cryptocurrency is trading at around $22,407 Tuesday, down 5% over the...
With inflation hitting a 40-year high and gas breaking $5 a gallon, all eyes are on the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting. According to Drew Matus, chief market strategist at MetLife Investment Management, the Fed...
I know a lot of people who have a goal of retiring early, be it in their late 50s or sometime during the first half of their 60s. Personally, the idea of early retirement doesn't interest me. (Technically, if I...
