November Market Recap and COVID Alphabet Soup

A sharp acceleration in economic growth, increasing worries about inflation, a reluctant-to-act-against-inflation Fed, and a strong stock market were quickly displaced by news of a new Covid variant on Black Friday. Table 2: Key Index Returns   MTD % YTD % Dow Jones Industrial Average -3.7 12.7 NASDAQ Composite 0.3 20.6 S&P 500 Index -0.8Continue reading “November Market Recap and COVID Alphabet Soup”

Market Recap: What is it about September?

September has historically been the worst month for stocks, according to St. Louis Federal Reserve data measuring monthly S&P 500 performance over the last 50 years. If you are wondering whether the trend has abated in recent years, the answer is no, it hasn’t. Over the last 10 years, September performance has been substandard. WhileContinue reading “Market Recap: What is it about September?”

Market Update:A Covid Recession and Recovery

The economy hit a peak in February 2020 and bottomed out in April of the same year, according to the National Bureau of Economic Research (NBER), which is viewed as the arbiter of recessions and economic recoveries. In determining the peak and trough of the economy, the NBER considers several indicators of employment and production.Continue reading “Market Update:A Covid Recession and Recovery”

The COVID Economy, a Year Later

This time last year, the World Health Organization recently had declared that the spread of Covid-19 constituted a worldwide pandemic. Stringent measures in the U.S. were being taken to slow the spread of Covid and “flatten the curve.” The lockdowns and shelter-in-place orders dealt a body blow to U.S. economic activity. Investors, who attempt toContinue reading “The COVID Economy, a Year Later”

IRS Outlines Changes to Health-Care Spending Rules Under CARES Act

Hi Wealth Warriors!!! This IRS update has similar content to a previous blog post that I made, but it does have some additional information. I was hoping that they would also extend the amount of time that you have to spend the FSA funds. Keep on Fighting for YOUR Wealth. The amended rules under theContinue reading “IRS Outlines Changes to Health-Care Spending Rules Under CARES Act”

Watch-out for Stimulus Payment Scams

Since the passing of the CARES Act which included provisions for a $1200 per person stimulus payments scams have emerged to try and cheat or defraud taxpayers of their stimulus payment. The IRS has provided some details on common tactics that are being used by scammers. What is the ‘Corona virus stimulus scam?’ Scammers areContinue reading “Watch-out for Stimulus Payment Scams”